Q 62

In a Lorenz curve diagram,the size of the area between the Lorenz curve and the diagonal line represents
A)the degree of inequality in the distribution of income.
B)the percentage of income received by the bottom 20% of families.
C)the dollar incomes of the bottom 40% of families.
D)the percentage of income received by the top 5% of families.
E)complete income equality.

Q 63

The diagonal line on a Lorenz curve diagram represents
A)the degree of inequality in the distribution of income.
B)the percentage of income received by the bottom 50% of families.
C)the dollar incomes of the bottom 50% of families.
D)the percentage of income received by the top 50% of families.
E)where the Lorenz curve would be if there were complete income equality.

Q 64

Median family income (pre-tax)in Canada in 2012 was closest to
A)$45 000.
B)$52 000.
C)$65 000.
D)$82 000.
E)$95 000.