Question 1 (1 point) LJ A Lorenz curve refers to a graphic illustration of the s

Question

Question 1 (1 point) LJ A Lorenz curve refers to a graphic illustration of the share of population on the and the cumulative percentage of total income received on the vertical axis; horizontal axis left quintile; vertical axis horizontal axis; vertical axis right quintile; horizontal axis left quintile: vertical axis Save Question 2 (1 point) In circumstances dealing with poverty, the term, means taking income from those with higher incomes and providing income to those with lower incomes. estate tax redistribution safety net minimum wage

Explanation / Answer

1. In Lorenz curve, the share of the population is represented on the x axis and % of income is represented on y axis.

OPTION C

2. Redistribution involves the practice of transferring income from rich ones to the poor ones.

OPTION B

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