SOLVED

41) In the figure above, income A) is most equally distributed in country A. B) is most equally distributed in country B. C) is most equally distributed in country C. D) is equally distributed in all three countries. 42) In the figure above, in which country do the lowest-income 30 percent of households have the highest fraction of the nation’s income? A) Country A B) Country B C) Country C D) It is impossible to answer the question without more information. 43) In the figure above, in which country do the highest-income 30 percent of households have the highest fraction of the nation’s income? A) Country A B) Country B C) Country C D) It is impossible to answer the question without more information. 44) In the figure above, 10 percent of income in country A is distributed to the A) richest 10 percent of the households. B) poorest 10 percent of the households. C) richest 30 percent of the households. D) poorest 30 percent of the households. 45) In the figure above, 10 percent of income in country C is distributed to the A) richest 10 percent of the households. B) poorest 10 percent of the households. C) poorest 30 percent of the households. D) poorest 70 percent of the households. 46) The above figure shows the Lorenz curves for four different countries. Which country has the most unequal distribution of income? A) country A B) country B C) country C D) country D 47) The above figure shows the Lorenz curves for four different countries. In which country is income most equally distributed? A) country A B) country B C) country C D) country D 48) The above figure shows the Lorenz curves for four different countries. If country C implemented a policy of redistribution from rich to poor, its Lorenz curve would A) move toward country B’s. B) move toward country D’s. C) become positively sloped. D) move above the line of equality. 49) The above figure shows the Lorenz curves for four different countries. Which of the following statements CANNOT be made on the basis of the graph? A) Incomes are distributed unequally in all four countries. B) Income distribution in country D is the most unequal among the four countries. C) Incomes are higher in country A than in country B. D) Income distribution is more equal in country B than in country D. 50) The above figure shows the Lorenz curves for four different countries. Which of the following statements is FALSE? A) Country A has an income distribution that is not perfectly equal. B) Country D’s income distribution is the most unequal of the four countries. C) The distribution of income is more unequal in country A than in country B. D