In Calculating Lorenz Curves, Economists Have Found That

question 18

Multiple Choice

In calculating Lorenz curves, economists have found that:

• A)income inequality in America has greatly accelerated since 1945.
• B)the concentration of wealth in England is less than in America.
• C)the concentration of income in the United States is slightly greater than that in England.
• D)income and wealth inequalities are generally smaller in underdeveloped than in developed countries.
• E)the incomes of Sweden and Israel are distributed nearly equally, but wealth holdings in both countries are highly concentrated.

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