The Lorenz Curve Shows ____ Within a Society

question 44

Multiple Choice

The Lorenz curve shows ____ within a society.

• A)the income distribution
• B)the absolute level of income
• C)the per capita annual income of individuals
• D)who the poor are
• E)the quality of life of the poor

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Definitions:

Negative Income Tax

A proposed fiscal policy where people earning below a certain amount receive supplemental pay from the government instead of paying taxes.

Negative Income Tax

A welfare system proposed to provide income support to individuals or families that earn below a certain level, effectively subsidizing their income to reach a minimum threshold.

In-kind Transfers

Non-cash payments or goods and services provided to individuals as part of government assistance programs, instead of cash.

Cash Payments

are transactions where the exchange of goods or services occurs via the physical exchange of currency, as opposed to credit or digital payment.