Chapter 29—The Distribution of Income and Poverty .doc

Chapter 29—The Distribution of Income and Poverty .doc -...

Info icon This preview shows pages 1–4. Sign up to view the full content.

Chapter 29—The Distribution of Income and Poverty MULTIPLE CHOICE 1. Which of the following statements is true? 2. "In-kind" transfer payments are made 3. Evidence seems to indicate that the distribution of income prior to adjusting for taxes and in-kind transfer payments is 4. Some economists contend that in-kind transfers should be included in the calculation of an individual's income because 5. An individual's income equals 6. The Lorenz curve is a graphical representation of 7. Which of the following statements is false ? 8. Which of the following statements is true? 9. If the Gini coefficient is zero, there is 10. If the Gini coefficient is 1, there is 11. The Gini coefficient is a number between 12. The larger the Gini coefficient, the 13. One way to reduce the degree of income inequality is to 14. One measure of the severity of poverty is the ratio of income to poverty which is calculated by 15. Anytime the ratio of income to poverty for a family is 16. In 2007, the poverty income threshold for an individual under 65 years old in the U.S. was
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

17. Which of the following is an example of human capital? 18. Which of the following statements is false ? 19. To an economist, wage discrimination exists when 20. As a determinant of a person's income, luck is more important in the ________________ run, as continuous reoccurrences of one kind of luck are ________________. 21. In 2010 a woman won a $100 million lottery. Her income is (most likely) largely due to her 22. Which of the following was not given as a reason for income differences in the text? 23. Which of the following statements is true? 24. Which of the following is a definition of poverty in absolute terms? 25. If we define poverty as income below $10,000 per year, we have set a(n) __________________ definition of poverty. 26. Which of the following leads to an overestimate of the number of persons in poverty? 27. If we define poverty using absolute terms, it follows that 28. In 2007, the poverty income threshold for a family of four was 29. In 2007, the top 20 percent of households in the United States earned collectively approximately what percent of the total income of all households? 30. Which of the following statements is false ? 31. Differences in income result from differences in 32. The Lorenz curve of perfect income equality is a Exhibit 29-1
Image of page 2
33. Refer to Exhibit 29-1. If the Gini coefficient equals 0, then the Lorenz curve is 34. Refer to Exhibit 29-1. If the Gini coefficient equals 1, then the Lorenz curve is 35. Refer to Exhibit 29-1.
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 4
This is the end of the preview. Sign up to access the rest of the document.
  • Fall '17
  • Dyson
  • Economics, Taxes, Gini coefficient, Income inequality metrics, Income distribution

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern