Exam 18: Who Gets What the Distribution of Income

If a nation's Lorenz curve lies on the 45-degree line of income equality:

The official poverty income threshold in the United States is:

Over 17 million American households had a net worth over $1 million. This means:

For the purpose of determining whether a family is officially considered to be living in poverty, poverty figures do not include:

The Lorenz curve:

John Rawls's views on income distribution and fairness can best be described by the statement:

Refer to the graph shown. The poorest 50 percent of the families earn:

The U.S. official poverty threshold is:

Which program has been very successful in keeping the elderly out of poverty?

U.S. poverty figures do not include in-kind transfers or underreporting of income.

Some economists believe that:

A Lorenz curve is a geometric representation of the:

An increase in the tax rate can cause total tax collections to fall if:

A Lorenz curve that becomes less bowed out implies:

In the United States, the income distribution is shaped like a:

Which of the following Lorenz curves is closest to the diagonal line?

The trend back toward greater inequality in the 1970s and 1980s was caused by:

On the Lorenz curve, a perfectly equal distribution of income would be represented by:

The Gini coefficient for Algeria is about 0.4. How would this number be shown on a Lorenz curve?

Federal tax and expenditure programs: