Which of the Following Is NOT a True Statement About

question 170

Multiple Choice

Which of the following is NOT a true statement about the Lorenz curve?

• A) The Lorenz curve includes both money income and income in kind.
• B) The Lorenz curve does not include unreported income obtained from the underground economy.
• C) The Lorenz curve does not consider different sizes of households.
• D) The Lorenz curve does not consider age differences among wage earners.

---

Definitions:

Capital

Wealth in the form of money or assets, used or available for use in the production of more wealth.

Accounting Profit

The total revenue of a business minus its explicit costs; does not include opportunity costs.

Home-Organization

The process of organizing and arranging the living space within a home for better functionality and aesthetics.

Farming

The activity or business of growing crops and raising livestock for food, fiber, and other products.