Using the Lorenz Curve, the Degree of Income Inequality Is

question 57

Multiple Choice

Using the Lorenz curve, the degree of income inequality is measured by the:

• A) line connecting all points for which a given percentage of families receives exactly that cumulative percentage of income.
• B) distance of the Lorenz curve from the line of perfect equality.
• C) flat diagonal line that applies to a perfectly elastic demand curve.
• D) number of times the Lorenz curve crosses the line of perfect equality.

---

Definitions:

Buyer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs.

Marketing Analysis

Marketing Analysis involves systematically gathering, recording, and analyzing qualitative and quantitative data about issues related to marketing products and services.

Scannable Résumé

A résumé format that utilizes simple layout and design, making it easy for electronic scanning systems to read and categorize information.

Keywords

Specific words or phrases used to describe content, which are often utilized in search engine optimization (SEO) to improve visibility on the internet.