The Farther the Lorenz Curve Bows Down Away from the Line

question 127

Multiple Choice

The farther the Lorenz curve bows down away from the line of income equality, the

• A)greater the inequality of the distribution of income.
• B)more even the income distribution.
• C)more proportional the income distribution.
• D)less likely the economy is to maintain its equilibrium.
• E)greater the need for redistributive taxation.

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Definitions:

Blended Family

A family unit consisting of a couple and their children from this and all previous relationships.

Simple Step-Family

A familial setup where one of the adults has children from a previous relationship, but the couple has no mutual children.

Complex Step-Family

A family structure where one or both partners have children from previous relationships, leading to a blend of parents and children with varied relationships.

Multigenerational Family

A family living arrangement where more than two generations live under the same roof or closely together.