Question

QUESTION 1 Between 1774 and 1973, the distribution of wealth in the United States became more equal as measured by the Gini coefficient slightly more unequal as measured by the Gini coefficient perfectly unequal perfectly equal QUESTION 2 When the Gini coefficient increases, income inequality increases income equality increases the slope of the Lorenz curve increases everyone is made better off QUESTION 3 An income distribution becomes more unequal as the Lorenz curve moves toward the bottom right corner of the diagram Gini coefficient approaches zero . Gini coefficient approaches 0.5 Lorenz curve moves toward the diagonal QUESTION 4 The income distribution in the United States hasin the last 15 years become more unequal become less unequal been shifted to favor low-income households remained constant from year-to-year QUESTION S The Gini coefficient is the area between the diagonal and the Lorenz curve divided by the area under the diagonal the area under the diagonal divided by the area between the Lorenz curve and the diagonal the difference between the highest 20 percent of income earners and the lowest 20 percent a measure of people's wealth