The Figure Given Below Shows the Lorenz Curves of Two

question 6

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)

-Which of the following is an example of in-kind transfer?

• A)Social security benefits
• B)Food stamps
• C)Disability pensions
• D)Unemployment compensations
• E)Earned income tax credit

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Definitions:

Labor Productivity Growth

The increase in the amount of goods and services produced by one unit of labor, often measured over a specific period.

Productivity Growth

Refers to the increase in the output of goods and services per unit of input, which can be attributed to advancements in technology, skill levels, and efficiencies.

Computers

Electronic devices designed to manipulate data according to a set of instructions, capable of performing a wide range of tasks.

Labor Productivity

The measure of economic output per unit of labor input, reflecting the efficiency of labor in producing goods and services.