Answer to Question #284833 in Economics for Disha

Question

Indicate whether the given statement is

true(T) or false(F).

1. Eradication of relative poverty is a part of the

SDGs.

2. If one single person had the entire national

income, the value of the Gin coefficient ratio

would be equal to O.

3. The closer is the Lorenz curve to the 45-degree

line, the more equal the distribution of income.

4. The Lorenz curve can never lie above the 45-

degree line.

5. If the government imposed a progressive income

tax, then the value of the

Gini coefficient will become smaller.

6. Kuznet's inverted-U hypothesis states that as

economies develop, the population growth rate

first rises and later falls.

Answer 1

1. True
2. False.
3. False.
4. True.
5. True
6. False