The Lorenz curves in the graph above show the effects of a tax system on income inequality. Which of the following statements must be true? O Before the tax, 20% of families lived below the poverty level, and after the tax, none did. The tax redistributed income only from the top 20% of families to the lowest 20% O The tax system is proportional. The tax system is regressive. The tax system is progressive.

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You can earn 10% a year on your savings. Your dad offers you a Holiday Gift of $1000 this year, $2000 next Holiday, $3000 Holiday 2021. If instead he offered you $6,000 Holiday 2020 (next year). Which should you pick, the single payment or the 3 payments. SHOW YOUR WORK Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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