The Figure Given Below Shows the Lorenz Curves of Two

question 84

Multiple Choice

The figure given below shows the Lorenz curves of two countries (Country A and Country B) .Figure 19.2
Total income (cumulative percentage)
Total population (cumuative percentage)

-If those who are poor at any one time are poor only temporarily, then their plight is only temporary. This statement is based on which of the following assumptions?

• A)Many spells of poverty are relatively short-lived.
• B)Government spending in the economy is inadequate.
• C)All phases of the business cycle are temporary.
• D)Education infrastructure in the economy is poor.
• E)Once people fall below the poverty line, it is almost impossible for them to rise above it.

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Definitions:

Average Incomes

The mean earnings of individuals or groups, calculated by dividing the total income of the group by the number of individuals.

Abilities and Interests

Characteristics and personal preferences that influence an individual's choice in career, hobbies, and activities.

Occupational Outlook Handbook

A publication by the U.S. Bureau of Labor Statistics providing comprehensive information on job requirements, outlooks, and salary ranges for various occupations.

Dictionary of Occupational Titles

A comprehensive guide, originally published by the United States Department of Labor, detailing job descriptions and requirements for various occupations.