Use the Following to Answer Question(s): Income Distribution

question 9

Multiple Choice

Use the following to answer question(s) : Income Distribution

-(Exhibit: Income Distribution) Curve B:

• A) is called a Lorenz curve.
• B) shows that the lowest 20% of the families gets 60% of the income.
• C) shows that 60 percent of the families get 40 percent of the income.
• D) shows an equal distribution of income.

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Definitions:

Poor People

Individuals or groups living below the poverty line, often struggling with lack of financial resources, access to basic needs, and opportunities.

Official Definition

An authorized or formally recognized explanation or meaning of a term or concept.

Intergenerational

Pertaining to relationships or interaction between different generations.

Occupational Mobility

The ability of individuals to move between different job positions or career paths, often as a measure of socioeconomic flexibility and opportunities.