A Lorenz Curve Measures

question 8

Multiple Choice

A Lorenz curve measures

• A) the benefits received through welfare programs.
• B) the actual income distribution and compares it to an equal income distribution.
• C) the degree to which income taxes are regressive.
• D) the effect of flat taxes on income distribution.

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Definitions:

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (very acidic) to 14 (very basic), and 7 being neutral.

pH

A numerical scale ranging from 0 to 14 that determines the level of acidity or alkalinity in water-based solutions.

pH

A measure of the acidity or alkalinity of a solution, quantified on a scale where 7 is neutral, values less than 7 are acidic, and values greater than 7 are alkaline.

Acidic

Describes a substance with a pH less than 7, indicating a higher concentration of hydrogen ions.