If All Households in a Nation Receive the Same Income,the

question 42

Multiple Choice

If all households in a nation receive the same income,the nation's Lorenz curve

• A) is horizontal.
• B) is vertical.
• C) is a 45° line.
• D) runs along the horizontal axis until it reaches 50 percent of households and then runs vertically up to 100 percent of income.
• E) runs along the horizontal axis until it reaches 100 percent of households and then runs vertically up to 100 percent of income.

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Definitions:

American Dollar

The official currency of the United States, also known as the USD or US Dollar.

Members

Individuals who are part of an organization, group, or body, contributing to and benefitting from its activities and objectives.

FDIC

Stands for the Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits in banks and thrift institutions for at least $250,000 per depositor, per insured bank.

Savings And Loan Associations

Specialized financial bodies that deal with accepting deposits for saving purposes and issuing various loans, especially for mortgages.