Different Lorenz Curves for the Same Nation Measured at Different

question 49

Multiple Choice

Different Lorenz curves for the same nation measured at different points in time show the changes in

• A) the actual degree of income inequality over time.
• B) the actual population over time.
• C) the actual disposable income earned by various sectors of the population over time.
• D) income inequality with respect to the trends in the distribution of income in the world over time.
• E) actual taxes paid over time.

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Definitions:

Intrinsic

Refers to motivation or value that is driven by an interest or enjoyment in the task itself, rather than relying on external pressures or rewards.

Extrinsic

Originating from or influenced by external factors outside of oneself, such as rewards or social pressures, rather than internal desires.

Instinct

Instinct refers to the innate, typically fixed patterns of behavior in animals and humans that are responded to specific stimuli, driven by evolutionary pressures.

Incentives

External rewards or punishments that motivate behavior or inspire action.