SOLVED

71) The above figure shows the Lorenz curve for wealth for the nation of Rusha. What percent of wealth is owned by the poorest quintile? A) 0 percent B) 5 percent C) 20 percent D) 35 percent 72) The above figure shows the Lorenz curve for wealth for the nation of Rusha. What percent of wealth is owned by the wealthiest quintile? A) 0 percent B) 5 percent C) 40 percent D) 60 percent 73) The above figure shows the Lorenz curve for wealth for the nation of Rusha. The wealthiest forty percent of the population own what percent of wealth? A) 40 percent B) 50 percent C) 60 percent D) 100 percent 74) The above figure shows the Lorenz curve for wealth for the nation of Rusha. The poorest forty percent of the population own what percent of wealth? A) 0 percent B) 10 percent C) 20 percent D) 40 percent 75) The above figure shows the Lorenz curve for wealth for the nation of Rusha. If the government were to confiscate all of the wealth from the poorest twenty percent of the population and give it to the wealthiest twenty percent, the Lorenz curve would A) not change. B) shift farther away from the line of equality. C) shift closer to the line of equality. D) flip above the line of equality. 76) The above figure shows the Lorenz curve for wealth for the nation of Rusha. If the government were to confiscate half of the wealth from the wealthiest twenty percent of the population and give it to the poorest twenty percent, then A) wealth distribution would be more equal. B) wealth distribution would be unchanged. C) wealth distribution would be more unequal. D) the Lorenz curve would shift rightward. 77) In the figure above, the richest 20 percent of households receive ________ of total income. A) 55 percent B) 45 percent C) 80 percent D) 60 percent 78) In the figure above, the poorest 20 percent of households receive ________ of total income. A) 20 percent B) 10 percent C) 5 percent D) 15 percent 79) In the figure above, the poorest 40 percent of households receive ________ of total income. A) 20 percent B) 10 percent C) 30 percent D) 15 percent 80) In the figure above, the richest 40 percent of households receive ________ of total income. A) 70 percent B) 30 percent C) 60 percent D) 80 percent