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Alyssa Cunningham
on Nov 26, 2024

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The term "growing income inequality" implies that the

A) poor are getting poorer in both a relative and an absolute sense.
B) Lorenz curve is shifting toward the diagonal.
C) diagonal is shifting toward the Lorenz curve.
D) upper quintiles of income receivers are getting relatively more of the total income than before and the lower quintiles are getting relatively less.

Income Inequality

The unequal distribution of income within a population, leading to economic disparities and social tensions.

Lorenz Curve

A graphical representation of income or wealth distribution of a population, showcasing the degree of inequality.

Upper Quintiles

Refers to the top 20% segment of a population when it is divided into five equal groups based on a particular variable, such as income level.

  • Analyze the implications of unequal income and wealth distribution on economic and societal structures.
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AA
Abdinasir AhmedDec 02, 2024
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