Question 1 (2 points) Distribution of income according to percentiles, such as t

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Question 1 (2 points) Distribution of income according to percentiles, such as the highest 40% or lowest 20% is known as distribution of income a) size O bi functionat O d equal weighted Save Question 2 (2 points) Distribution of income based on factors of production is known as the distribution o b) equal-weighted d) functional Save Question 3 (2 points) Developing countries who have adopted labor-intensive technologies tend to have Gini coefhicients equal to o O relativetylower Gin Gini coeficients equal to O one -d) relatively higher Gini tero Save Question 4 (2 points) The functional distribution of income refers to the distribution of income between nural individuals orOb individuals or urban individuals o the factors of production land, labor and capita Save Question 5 (2 points) Suppose two Lorenz curves cross, but produce same Gini index. This means, o , that inequality is necessarily lower for the curve cutting from below as we move from left to ri that inequality is necessarily higher for the curve cutting from below as we move from left to r b) O o that whether inequality is higher than lower depends on the society's values and priorities that the countries have same level of inequality for any other index of inequality

Explanation / Answer

1. Distribution of income according to percentiles, such as highest 40% or lowest 20% is known as the size distribution of income.

So, the correct answer is an option (a).

2. Distribution of income based on a factor of production is known as the functional distribution of income.

So, the correct answer is an option (d).

3. Developing countries who have adopted labor intensives technologies tend to have relatively lower Gini Coefficient,

So, the correct answer is an option (b).

4. The functional distribution of income refers to the distribution of income between the factors of production (land, labor, capital).

So, the correct answer is an option (d).  

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