The Figure Given Below Shows the Lorenz Curves of Two

question 28

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 absolute measure of poverty?

• A)Gini co-efficient
• B)Per capita income
• C)HiLo ratio
• D)Hoover index
• E)Theil index

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Definitions:

FUTA Tax

A federal tax in the United States paid by employers to fund unemployment benefits.

Employer's Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including Social Security, Medicare, and unemployment taxes.

Accrued Vacation Privileges

Employee benefits that accumulate over time, referring to the right to take paid time off that's been earned but not yet used.

Vacation Pay Payable

Liabilities owed to employees for earned but unused vacation time, which a company must pay out in the future.