The lorenz curve models of income distribution

Assignment Help Business Economics
Reference no: EM131388896

TRUE/FALSE

1. Income mobility is quite robust in the United States, with more than half of all families moving up and down at the income distribution ladder and any decade.

2. your earnings in 2008 are a flow of funds measure.

3. Job-related health insurance paid by the employer is included in the Lorenz curve models of income distribution.

Reference no: EM131388896

Questions Cloud

Cause an increase in employment in unionized occupation : Explain (but don't demonstrate) how a union might cause an increase in employment in the unionized occupation. Also, explain (but don't demonstrate) how this might, in this case, affect wages in related non-unionized occupations.
Economy has cobb-douglas production function : The economy has a capital share of a third, a saving rate of 24 percent, a depreciation rate of 3 percent, a rate of population growth of 2 percent, and a rate of labor-augmenting technological change of 1 percent. It is in steady state. At what rate..
Find the change in units demanded when the price changes : The price elasticity of a demand for a good is -0.94, the cross-price elasticity is 1.94, the income elasticity is 1.23, and consumers currently purchase 1,318 units of the good. Find the change in units demanded when the price changes -3.2 percent.
Perspective on the money spent on education : What if we were to change our perspective on the money spent on education from one based on costs to one based on benefits. Does anyone have any knowledge of what is the life-long earnings for individuals with differing level of education?
The lorenz curve models of income distribution : Income mobility is quite robust in the United States, with more than half of all families moving up and down at the income distribution ladder and any decade. your earnings in 2008 are a flow of funds measure. Job-related health insurance paid by the..
Who advocates gold standard as basis for monetary policy : Monetary policy is one of the more important areas of influence on the economy in the modern world yet few people really understand the intricacies of the issues involved. Based on your reading and other research, what would you say to someone who ad..
An expansionary monetary policy on output level : Assume that output (Y) is currently at the full employment level. Explain the short-run and long-run effects of the following policy measures. Support your answer with an IS-LM and AD/SRAS and LRAS diagrams. An expansionary monetary policy on (1) out..
Higher consumer confidence increases aggregate demand : “Higher consumer confidence increases aggregate demand. To offset this we must decrease the money supply. Then the price level won't need to adjust to restore equilibrium, and we'll prevent inflation.” Consider that an increase in of consumer confide..
Home-users and corporate-users : A software company knows that they have two types of customers: home-users and corporate-users. For their newly released software, there are 150 home-users who would be willing to pay $350 for the software, and there are 50 corporate-users who would ..

Reviews

Write a Review

Business Economics Questions & Answers

  Public sector in terms of decision making

In which of the following ways is the private market sector similar to the public sector in terms of decision making?

  Same time the pound appreciated relative to the dollar

Suppose that England experiences higher inflation than the United States and at the same time the pound appreciated relative to the dollar. What does this imply?

  Why two part tariff causes customers who purchase few units

Which of the following explains why a two part tariff causes customers who purchase few units to pay more per unit than customers who buy more units?

  First mover is dominating market

A first mover is dominating a market, with revenues of $40 million annually. The average total cost of the firm is #02 million, of which $19 million is fixed. How can the first move keep others from entering the market?

  Money supply and the monetary base

Suppose households hold $0.30 in currency for every $1 they have as demand deposits (checking accounts). Also, banks hold 20% of their deposits as reserves. If the Federal Reserve buys $10 of government bonds from banks, by how would would the follow..

  Differences in between securitization and selling used cars

"Loans are just like used cars. If you see an ad in the paper for a used car, you have to wonder, why is the owner selling it? Maybe there is something wrong with the care that is hard to see. As a result, when you approach the seller, you will want ..

  Microtech had not released its sales results to the public

Tom Brown, the controller for MicroTech Software Company, is responsible for preparing the company’s financial statements. He learns that sales for the first quarter of the year have dropped so dramatically that the company is in danger of bankruptcy..

  Which type of unemployment would be affected

Which type of unemployment would be affected with the following changes? Would it go up or down? a. increased unemployment benefits b. heavy snowfall in Minnesota c. online job search becomes more effective d. a large, permanent decrease in the deman..

  What you expect to happen to costs within banking industry

If Congress took steps to consolidate banks, thereby reducing total number to 2500, what would you expect to happen to costs within banking industry.

  The demand curve for haircuts

Where Q is the number of cuts per week and P is the price of a hair cut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the price hike will cause revenues to fall. Should Terry raise the pr..

  Purchased using a ranking of future worth analysis

Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use insulation that is either 1 inch thick or 2 inches thick on its steam pipes.  The insulation has a life expectancy of 10 years. Determine which insul..

  Purely competitive firm finds that the market price

A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. Does price equal or excee..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd