The Figure Given Below Shows the Lorenz Curves of Two

question 25

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 measures of absolute poverty:

• A)are inversely related to the degree of income equality in a country.
• B)are directly related to the degree of income equality in a country.
• C)depend on the prosperity of the poorest 50 percent of population.
• D)determine the degree of income inequality.
• E)are completely independent of the degree of income inequality.

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Definitions:

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort due to holding conflicting beliefs, attitudes, or values, often leading to changes in one of them to reduce the dissonance.

Draftee

An individual who has been drafted into military service, often compulsory and without the option to choose.

Smoker

An individual who regularly inhales smoke from substances such as tobacco through cigarettes, pipes, or cigars.

Exaggerating the Improbable

The tendency to overestimate the likelihood of highly unlikely events.