Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.
income wealth functional distribution of income personal or family distribution of income Lorenz curves Gini coefficient poverty thresholds income deficit ratio of income to poverty | A graphical method of showing the income distribution by cumulating families of various income levels on the horizontal axis and relating this to their cumulative share of total income on the vertical axis The distribution of income for resources or factors of production (land, labor, capital, and entrepreneurial ability) A stock measure of an individual’s or family’s assets, net of liabilities, at a given point in time A flow measure reflecting the funds received by individuals or households over a period of time, usually a week, month, or year The difference between the poverty threshold and a family’s income Income levels for various household sizes, below which people are considered to be living in poverty The ratio of family income to the poverty threshold. Families with ratios below 0.5 are considered severely poor, families with ratios between 0.5 and 1.0 are considered poor, and those families with ratios between 1.0 and 1.25 are considered near poor A precise method of measuring the position of the Lorenz curve, defined as the area between the Lorenz curve and the equal distribution line divided by the total area below the equal distribution line The distribution of income to individuals or family groups (typically quintiles, or fifths, of the population) |