Which Diagram Is Used by Economists to Illustrate the Distribution

question 7

Multiple Choice

Which diagram is used by economists to illustrate the distribution of income or wealth?

• A)Lorenz curve
• B)normal bell-shaped distribution
• C)wage differential curve
• D)low-income cut-off curve
• E)marginal revenue product diagram

---

Definitions:

Credit

An accounting entry that represents an increase in liabilities or equity or a decrease in assets, opposite of a debit.

Offset Side

The side of a transaction that counterbalances the primary entry, ensuring the accounting equation remains balanced.

Increase Side

The side of an account on which increases are recorded, depending on the type of account it could be the debit or credit side.

Right Side

In accounting, refers to the credit side of a ledger account, opposite to the left or debit side, showcasing the sources of funds or increases in liabilities or equity.