Why does the failure to adjust the poverty line for regional differences in living costs lead to an understatement of poverty in some states and an overstatement of poverty in others? Note:-

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A: Income inequality shows the differences in income distribution among households of a society.

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Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: Detailed Explanation: Let's break it down:Graph Description:The graph represents annual income…

Q: How is absolute poverty measured, in comparison to the distribution of national income?

A: Hi. Since there are multiple questions, we will solve only the first one.  Absolute poverty is…

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A: *Answer:

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A: The correct answer is given in the second step.

Q: 2. Draw a complete and clearly labeled Lorenz Curve using the information below.

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Q: In the United States, the incidence of poverty has declined since the 1970s. True False

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A: The "Gini coefficient," which is directly linked to the Lorenz curve, is the most commonly used…