As the Distribution of Income Becomes More Equal, the Lorenz

question 85

True/False

As the distribution of income becomes more equal, the Lorenz curve comes closer to the 45-degree line.

---

Definitions:

Adjusting Entries

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.

NSF Check

A check that cannot be processed because the account on which it is drawn does not have sufficient funds.

Monthly Service Charge

A fee charged by a provider to a consumer for the provision of services on a monthly basis.

Cash Disbursements

Payments made in cash as part of a business's operational activities.