The Figure Given Below Shows the Lorenz Curves of Two

question 76

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)

-The extent to which people move from one income quintile to another over time is called _____.

• A)migrancy
• B)moveability
• C)mobility
• D)exchangeability
• E)transferability

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Definitions:

Treasury Bill

Short-term government securities issued at a discount from the face value and maturing at par, used to finance government spending.

Par

Par refers to the face value of a bond or stock, which is the amount originally paid for it and the amount that will be repaid at maturity.

Geometric Average Return

The compounded annual rate of return over time, accounting for the compounding of investment returns.

Arithmetic Average Return

A method of calculating the average return of an investment by simply dividing the sum of all returns by the number of periods.