Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

16. Which of the following statements is true ? a. Income distribution in the United States has gotten progressively more unequal since 1929. b. The

16. Which of the following statements is true?

a.

Income distribution in the United States has gotten progressively more unequal since 1929.

b.

The Lorenz curve indicates the degree of discrimination in an economy.

c.

The Lorenz curve indicates the degree of income inequality in an economy.

d.

The richest 5% of Americans earn approximately half of the nation's income.

18. The poverty line equals the:

a.

average income of the bottom one-tenth of all income recipients.

b.

cost of an economical and nutritional food plan for a family multiplied by six.

c.

cost of an economical and nutritional food plan for a family multiplied by three.

d.

average income of a family headed by a worker who has been unemployed for six months or more.

19. Which of the following statements is correct?

a.

About 50 percent of blacks earn an income below the poverty line.

b.

The area of the United States with the highest percentage of the population below the poverty line is the south.

c.

Since 1980 the fraction of persons below the poverty level has risen sharply.

d.

About 25 percent of the U.S. population earns an income below the poverty line.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Marketing

Authors: Johny K Johansson

4th Edition

0072961805, 9780072961805

More Books

Students also viewed these Economics questions

Question

Find the rank and nullity of the matrix 12112 . 02101 112-1

Answered: 1 week ago

Question

=+3. Are emotions embodied evaluative attitudes?

Answered: 1 week ago