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What is the personal or size distribution of income?
What is the personal or size distribution of income?
- The share of total income accruing to specific percentages of a population
- The measure most commonly used by economists (correct)
- The total amount of income received by a population
- The way in which income is earned by individuals
What is the difference between quintiles and deciles in terms of income distribution?
What is the difference between quintiles and deciles in terms of income distribution?
- Quintiles divide the population into ten equal numerical groups while deciles divide the population into five groups of equal size
- Quintiles and deciles are the same thing
- Quintiles and deciles are not mentioned in the text
- Quintiles divide the population into five groups of equal size while deciles divide the population into ten equal numerical groups (correct)
What is considered in personal or size distribution of income?
What is considered in personal or size distribution of income?
- The education level of the individuals
- The sources of income such as employment, interest, profits, rents, gifts, or inheritance (correct)
- The way in which individuals spend their income
- The locational and occupational sources of income
Which Nobel laureate is associated with the Kuznets ratio?
Which Nobel laureate is associated with the Kuznets ratio?
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What is a Lorenz curve?
What is a Lorenz curve?
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What is the ratio of incomes received by the top 20% and bottom 40% of the population in the given example?
What is the ratio of incomes received by the top 20% and bottom 40% of the population in the given example?
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