Sample_Chapter_15 - Chapter 15 Short answer questions:...

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Chapter 15 Short answer questions: Textbook problems 1 and 2 (page 428) Multiple Choice Questions 1. Different Lorenz Curves of the same nation taken over times measures A) the changes in the actual degree of income inequality over time. B) the changes in the actual population over time. C) the changes in the actual disposable income earned by various sectors of the population over time. D) the changes in the income inequality with respect to the trends of income distribution in the world over time. E) all of the above. 2. If Country A has a Gini index of 0.287 and Country B has a Gini index of 0.371 and Country C has a Gini index of 1, then A) Country A has more income inequality than Country B and Country C. B) Country A has less income inequlity than Country B and Country C. C) Country C has the least income inequality. D) Country A has the most income inequality. E) Everyone's income is the same in country C. 3. According to Professor Rawls, if income was given to a group of people and those people had no idea
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This note was uploaded on 11/03/2009 for the course ECON 210 taught by Professor James during the Spring '09 term at The University of British Columbia.

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Sample_Chapter_15 - Chapter 15 Short answer questions:...

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