Which of the Following Statements Is True Regarding the Distribution

question 49

Multiple Choice

Which of the following statements is true regarding the distribution of income in Australia?

• A) The Lorenz curve shows that incomes are distributed fairly.
• B) The line of equality shows that incomes are distributed equally.
• C) The inequality in the distribution of income can be seen because the Lorenz curve lies above the line of equality.
• D) The inequality in the distribution of income can be seen because the Lorenz curve lies below the line of equality.
• E) Both answers A and B are correct.

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Definitions:

Acquisition

The act of obtaining control of another company or asset, typically through purchase or merger.

Corporation

A corporation is a legal entity that is separate and distinct from its owners, formed by a group of people or shareholders, and recognized as having rights and responsibilities similar to those of an individual.

Statutes

Laws or acts enacted by a legislative body to regulate, authorize, sanction, grant, declare, or restrict.

Share Exchanges

The process of trading shares of different companies, often used in mergers and acquisitions to consolidate ownership.