The Figure Given Below Shows the Lorenz Curves of Two

question 38

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)

-Why does the census data overstate inequality?

• A)They overestimate the non cash transfers received by the people from the government.
• B)They take into account the after-tax incomes.
• C)They take into account the gifts and transfer receipts from friends and relatives staying abroad.
• D)They do not consider the in-kind transfers received by the people from the government.
• E)They overestimate the medical benefits received by the people from the government.

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Definitions:

Unsafe Levels

Concentrations or situations that exceed the thresholds deemed safe by regulations or health guidelines.

Radioactivity

The process by which unstable atomic nuclei lose energy by emitting radiation, including alpha particles, beta particles, and gamma rays.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space when these events occur with a known constant mean rate and independently of the time since the last event.

Poisson Random Variable

Reflects the number of times a specified event occurs within a fixed interval, assuming events occur independently and at a constant rate.