Homework Answers
The Lorenz curve indicates the magnitude of distribution of income in a country.
The more near the Lorenz curve is to the line of equality (45 degree straight line), the more equitable is the distribution of income becomes.
The after-tax Lorenz curve is more near to the line of equality than the before tax Lorenz curve.
This means that the after the imposition of tax, the income distribution has become more equitable.
So,
The effect of taxes is to make distribution of income more equal.
Hence, the correct answer is the option (2).
Add Answer to:
The graph shows that before taxes Cumulative percentage of income after taxes 10 20 30 40...
Refer to the graph shown. < Cumulative percentage of income s S HA 6.6 10 20...
Refer to the graph shown. < Cumulative percentage of income s S HA 6.6 10 20 30 40 50 60 70 80 90 100 Cumulative percentage of population The middle quintile (the middle fifth) of families earn: O 10.7 percent of the income. O 15.3 percent of the income. 32.6 percent of the income
The figure below is a Lorenz Curve that shows the cumulative percent of income earned by...
The figure below is a Lorenz Curve that shows the cumulative percent of income earned by various percentages of the population in two countries. w 100% Percent of Income / Isle of Wake Surf Island 20% 20% 40% 60% 80% 100% Percent of Population Which country has a more equal distribution of income? O A) Isle of Wake OB) Surf Island c) Neither. Both Surf Island and the Isle of Wake have the same distribution of income
Personal Income per Capita by State Cumulative frequency 50 40 за 20 10 48 15 34...
Personal Income per Capita by State Cumulative frequency 50 40 за 20 10 48 15 34 15 Per capita income $1000) 27.5 32.5 375 42.5 475 52.5 (i) Ogive Showing Cumulative Percentage of Data Personal Income per Capita by State Percent of states 100% 100 90 80 70 60 50 40 30 20 10 96 30 Per capita income (S1000) 27.5 325 37.542.5 475 52.5 (a) How were the percentages shown in graph (i) computed? 0 The percentages in graph...
help please! <Ch 18 value: 5.00 points Which of the following statements is true on average? O Professional...
help please!
<Ch 18 value: 5.00 points Which of the following statements is true on average? O Professional specialists earn more than workers in precision production. O Female executives earn less than male clerical workers. O Male and female service workers earn the same amount. O Female machine operators earn more than female administrators. References Learning Objective: 18-02 Summarize socioeconomic tensions that high inco inequalities can cause. Multiple Choice Section: Socioeconomic Patterns of Po Difficulty: 3 Hard The democratic system...
2. Taxes and welfare Consider the market for mountain bikes. The following graph shows the demand...
2. Taxes and welfare Consider the market for mountain bikes. The following graph shows the demand and supply for mountain bikes before the government imposes any taxes. First, use the black point (plus symbol) to indicate the equilibrium price and quantity of mountain bikes in the absence of a tax. Then use the green point (triangle symbol) to shade the area representing total consumer surplus (CS) at the equilibrium price. Next, use the purple point (diamond symbol) to shade the...
You learned that a Lorenz Curve shows the cumulative share of population on the horizontal axis...
You learned that a Lorenz Curve shows the cumulative share of
population on the horizontal axis and the cumulative percentage of
total income received on the vertical axis. Based on the figure
below answer the following:
a) What the perfect equality line means?
b) What do 1980 and 2011 Lorenz Curves tell us regarding the
evolution of the US income distribution? JUSTIFY your answer!
100% 80% Perfect equality 60% Cumulative Share of Income 40% 1980 20% 2011 0 0 100...
QUESTION 12 Cumulative percentage of income or wealth Line of quality Wealth 0 20 40 60...
QUESTION 12 Cumulative percentage of income or wealth Line of quality Wealth 0 20 40 60 80 100 Cumulative percentage of households The figure above shows Lorenz curves for a nation. Based on the figure above, if the poorest 20 percent group of households increased the share of the nation's income they receive, then there is a movement up along the Lorenz curve for income. there is a movement down along the Lorenz curve for income the Lorenz curve for...
Atomic percentage, silicon 10 20 30 40 50 60 70 80 90 1,500 1,414° 1,400 1.300...
Atomic percentage, silicon 10 20 30 40 50 60 70 80 90 1,500 1,414° 1,400 1.300 1,200 1,100 1,000 L+ B a L 700 660.452 5770 1.6 12.6 a B 500 A1 10 20 30 40 50 60 70 80 90 Si Weight percentage, silicon Chart 1. Al-Si phase diagram. (After Binary Alloy Phase Diagrams, Vol. I, T. B Massalski, Ed., American Society for Metals, Metals Park, OH, 1986) Chart for 11c g
Question 8 (2 points) X Corporation has book income before taxes of $600,000 and you are...
Question 8 (2 points) X Corporation has book income before taxes of $600,000 and you are provided with the following information for the year: • Included dividends from a 20% owned Sub $100,000 • Tax Exempt Municipal Interest $160,000 • Depreciation: Per Books $100,000 Tax $200,000 Compute Taxable income for the year. Question 10 (2 points) Z corporation's calendar year taxable income is $2,000,000. The corporation's 2020 federal income tax liability before any credits is: Question 17 (2 points) During...
Consider the market for designer purses. The following graph shows the demand and supply for designer purses before the government imposes any taxes.
2. Taxes and welfare Consider the market for designer purses. The following graph shows the demand and supply for designer purses before the government imposes any taxes. First, use the black point (plus symbol) to indicate the equilibrium price and quantity of designer purses in the absence of a tax. Then use the green point (triangle symbol) to shade the area representing total consumer surplus (CS) at the equilibrium price. Next, use the purple point (diamond symbol) to shade the area representing...
Refer to the graph shown. < Cumulative percentage of income s S HA 6.6 10 20 30 40 50 60 70 80 90 100 Cumulative percentage of population The middle quintile (the middle fifth) of families earn: O 10.7 percent of the income. O 15.3 percent of the income. 32.6 percent of the income
The figure below is a Lorenz Curve that shows the cumulative percent of income earned by various percentages of the population in two countries. w 100% Percent of Income / Isle of Wake Surf Island 20% 20% 40% 60% 80% 100% Percent of Population Which country has a more equal distribution of income? O A) Isle of Wake OB) Surf Island c) Neither. Both Surf Island and the Isle of Wake have the same distribution of income
Personal Income per Capita by State Cumulative frequency 50 40 за 20 10 48 15 34 15 Per capita income $1000) 27.5 32.5 375 42.5 475 52.5 (i) Ogive Showing Cumulative Percentage of Data Personal Income per Capita by State Percent of states 100% 100 90 80 70 60 50 40 30 20 10 96 30 Per capita income (S1000) 27.5 325 37.542.5 475 52.5 (a) How were the percentages shown in graph (i) computed? 0 The percentages in graph...
help please!
<Ch 18 value: 5.00 points Which of the following statements is true on average? O Professional specialists earn more than workers in precision production. O Female executives earn less than male clerical workers. O Male and female service workers earn the same amount. O Female machine operators earn more than female administrators. References Learning Objective: 18-02 Summarize socioeconomic tensions that high inco inequalities can cause. Multiple Choice Section: Socioeconomic Patterns of Po Difficulty: 3 Hard The democratic system...
2. Taxes and welfare Consider the market for mountain bikes. The following graph shows the demand and supply for mountain bikes before the government imposes any taxes. First, use the black point (plus symbol) to indicate the equilibrium price and quantity of mountain bikes in the absence of a tax. Then use the green point (triangle symbol) to shade the area representing total consumer surplus (CS) at the equilibrium price. Next, use the purple point (diamond symbol) to shade the...
You learned that a Lorenz Curve shows the cumulative share of
population on the horizontal axis and the cumulative percentage of
total income received on the vertical axis. Based on the figure
below answer the following:
a) What the perfect equality line means?
b) What do 1980 and 2011 Lorenz Curves tell us regarding the
evolution of the US income distribution? JUSTIFY your answer!
100% 80% Perfect equality 60% Cumulative Share of Income 40% 1980 20% 2011 0 0 100...
QUESTION 12 Cumulative percentage of income or wealth Line of quality Wealth 0 20 40 60 80 100 Cumulative percentage of households The figure above shows Lorenz curves for a nation. Based on the figure above, if the poorest 20 percent group of households increased the share of the nation's income they receive, then there is a movement up along the Lorenz curve for income. there is a movement down along the Lorenz curve for income the Lorenz curve for...
Atomic percentage, silicon 10 20 30 40 50 60 70 80 90 1,500 1,414° 1,400 1.300 1,200 1,100 1,000 L+ B a L 700 660.452 5770 1.6 12.6 a B 500 A1 10 20 30 40 50 60 70 80 90 Si Weight percentage, silicon Chart 1. Al-Si phase diagram. (After Binary Alloy Phase Diagrams, Vol. I, T. B Massalski, Ed., American Society for Metals, Metals Park, OH, 1986) Chart for 11c g
Question 8 (2 points) X Corporation has book income before taxes of $600,000 and you are provided with the following information for the year: • Included dividends from a 20% owned Sub $100,000 • Tax Exempt Municipal Interest $160,000 • Depreciation: Per Books $100,000 Tax $200,000 Compute Taxable income for the year. Question 10 (2 points) Z corporation's calendar year taxable income is $2,000,000. The corporation's 2020 federal income tax liability before any credits is: Question 17 (2 points) During...
Most questions answered within 3 hours.
-
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 12 minutes ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 1 hour ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 1 hour ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 1 hour ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 1 hour ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 2 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 2 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 2 hours ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 2 hours ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 2 hours ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 2 hours ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 2 hours ago