Using the Lorenz Curve, the Degree of Income Inequality Is

question 32

Multiple Choice

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

• A)the line connecting all points for which a given percentage of families receives exactly the cumulative percentage of income.
• B)the distance of the Lorenz curve from the line of perfect equality.
• C)the slope of the curve.
• D)the number of times the Lorenz curve crosses the line of perfect equality.
• E)dividing the number of people below the poverty line by the total population.

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Definitions:

Adolescent

A developmental phase following childhood, marked by puberty's onset, forming a distinct sense of identity, and emerging independence.

Just-noticeable Difference

The smallest change in the intensity of a stimulus that can be detected by a sensory system.

Sensory Adaptation

A decrease in sensitivity to a constant level of stimulation.

Absolute Threshold

The smallest amount of physical stimulation required to detect a sensory input half of the time it is present.