-The Table Above Shows the Distribution of Income in Swacko

question 155

Multiple Choice

-The table above shows the distribution of income in Swacko. The government of Swacko imposes a 20 percent tax on people with the highest 40 percent of income. The government then distributes 40 percent of the tax collected to the lowest 20 percent and 30 percent to the second 20 percent and the middle 20 percent. After the redistribution, the Lorenz curve for income

• A) is equal to the line of equality.
• B) equals the Lorenz curve for wealth.
• C) is closer to the line of equality.
• D) is above the line of equality.

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Definitions:

Disbanding

The act of formally dissolving or breaking up a group, organization, or military unit, often resulting in its members dispersing or ceasing operations.

Massachusetts

A state in the New England region of the United States, known for its significant colonial history, higher education institutions, and technological research.

Parliamentary Supremacy

Refers to the legal doctrine that a legislature has absolute sovereignty, and its laws cannot be overridden by any other body, including the executive or courts.

Glorious Revolution

The 1688 event in England that led to the overthrow of King James II and the establishment of William III and Mary II as co-rulers.