Which of the following is not a true statement about the Lorenz curve? A. The Lorenz curve does not consider age differences among wage earners. B. The Lorenz curve does not include unreported income obtained from the underground economy. C. The Lorenz curve does not consider different sizes of households. D. The Lorenz curve includes both money income and income in kind.
Which of the following is not a true statement about the Lorenz curve? A. The Lorenz curve does not consider age differences among wage earners. B. The Lorenz curve does not include unreported income obtained from the underground economy. C. The Lorenz curve does not consider different sizes of households. D. The Lorenz curve includes both money income and income in kind.
Chapter12: Income Distribution, Poverty, And Discrimination
Section: Chapter Questions
Problem 1SQP
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Which of the following is not a true statement about the Lorenz curve?
A.
The Lorenz curve does not consider age differences among wage earners.
B.
The Lorenz curve does not include unreported income obtained from the underground economy.
C.
The Lorenz curve does not consider different sizes of households.
D.
The Lorenz curve includes both money income and income in kind.
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