Of the Following, Which Is the Most Accurate Indicator of the Degree

question 53

Multiple Choice

Of the following, which is the most accurate indicator of the degree of inequality?

• A) distribution of annual income
• B) distribution of lifetime income
• C) distribution of wealth
• D) distribution of the sum of wealth and annual income

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Definitions:

Drawee

A person on whom a draft is drawn by the drawer.

Checking Account

A bank account from which money can be withdrawn or deposited, often used for daily transactions such as paying bills or receiving payroll deposits.

Drawer

The maker of a draft.

Drawee

The party, typically a bank or financial institution, upon whom a cheque or draft is drawn and is responsible for paying the specified amount to the holder or bearer of the instrument.