| assets luxury assets necessity disposable income household 䒺 dissaving efficiency wage saving present value break-even point borrowing constraint liquidity | wage earning earned income () wealth property income income inequality personal income personal saving poverty line poverty rate average propensity to consume (APS) marginal propensity to consume (MPS) precautionnary saving |
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13. What factors have contributed to increased income inequality in the past decade or so?
14. Should society attempt to equalize income or economic opportunities?
15. What is the difference between a functional and a personal distribution of income?
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6. There are in Ukraine approximately how many households:
) 17 million;
b) 46 million;
c) 10 million;
d) 12 million;
7. Absolute or total equality in an income distribution would appear on a Lorentz-curve chart as a:
) curved line well bowed out from the diagonal;
b) curved line close to the diagonal;
c) right-angled line;
d) 45º diagonal line;
e) none of the preceding.
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1. 5 000 ., 4 000 . 8 000 . 6 000 . S.
2. Assume Peter, Carol, Steve, Olga and Sophy receive incomes of 5000; 2500; 17501; 1500 UAN respectively.
10
