Of all the Americans who live in poverty, most are families. A. black; white B. Hispanic; white O c. black; Hispanic OD. white; black and Hispanic families, while the highest poverty rate is among *** Next

What role might discrimination play in accounting for income inequality? Draw a curve that shows what happens if this group of workers is discriminated against. Label it. Draw a point to indicate the new equilibrium wage rate and employment level. Choose the correct statement. O A. Discrimination causes the wage differences between white men and white women. O B. Wage differences between different groups as a result of discrimination can act as an incentive to encourage people who are prejudiced to buy from the people against whom they are prejudiced. O C. Discrimination causes the wage differences between black men and white men. O D. Economists agree that prejudice causes all wage differentials between different groups of people. 80- 70- 60- 50 40- 30- 20- 10- Wage rate (thousands of dollars per year) 40 0+ 0.0 $2.0 2.0 Workers (thousands) >>> Draw only the objects specified in the question. 1.0 S 3.0 VMP Q 4.0

If the Gini coefficient of a nation in 1980 was 0.50 and in 2020 it was 0.40, the nation's O income inequality is less in 2020 O income inequality is more in 2020 O tax system is less progressive in 2020 O tax system is more progressive in 2020

In DevEconLand, there are 10 people. Four of them earn $1/day each, two earn $3/day each and the remaining four earn $4/day each. If the poverty line is defined as $2/day, what is the headcount ratio, the total poverty gap ratio and the total poverty gap squared ratio respectively? Select one: a. 1/5, 1/5 and 1/10 respectively. b. 1/5, 2/5 and 1/5 respectively. c. 2/5, 1/5 and 1/10 respectively. d. None of the above.

Briefly describe the Leydon Poverty Line and how it differs fromobjective measures of poverty. Finally, explain the concept of ‘extreme poverty’. i don't need an essay I only need an answer so I can understand

What is the Lorenz curve and what does it illustrate? Are incomes distributed equally? What would happen if incomes were equal? Why do you think income distribution is so unequal? Identify and explain three reasons.

WHAT ARE SOME POLICIES THAT A GOVERNMENT CAN IMPLEMENT TO REDUCE INCOME INEQUALITY? SELECT ALL THAT APPLY   A. Increase spending in education.   B. Lower tax for the top quintile.   C. Stregnthen anti-discrimination laws based on race, gender, sexual orientation, marital status, religion, and disability status.   D. Increase access to affordable healthcare to all.   E. Encourage corporate stock ownership.

What is the primary measure of income inequality that represents the dispersion of income among a population? A. Price index B. Lorenz curve C. Gini coefficient D. Phillips curve

The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2010, the poverty income threshold, or poverty line, is set at an annual income of $42,350 for an individual. Year 2006 2010 2016 2020 Quintile Lowest Lowest Quintile Second Quintile 3.0 3.4 3.8 5.0 The data in the table suggest that there was Second Middle Fourth Highest Share of Total Income in Perkopia (Percent) Middle Quintile Fourth Quintile Highest Quintile 8.6 9.4 9.7 11.0 Share of Income in 2010 (Percent) 3.4 9.4 14.6 22.4 50.2 14.0 14.6 15.2 15.5 Complete the following table to help you determine the poverty line in Perkopia in 2010. To do this, begin by determining the total income of all individuals in each quintile, using the fact that total annual income in the economy is $500,000,000. Next, determine the income of…

K In recent years, as the gap between the rich and the poor has increased, the Lorenz curve has O A. shifted away from the line of equality OB. shifted closer to the line of equality O c. not changed, but there has been a movement down along it O D. not changed, but there has been a movement up along it Ne