Use the figure below to answer the following questions.

Figure 19.1.2
-Refer to Figure 19.1.2.What is curve A called?

Question

Use the figure below to answer the following questions.
  
Figure 19.1.2
-Refer to Figure 19.1.2.What is curve A called?

Quizplus · Accepted Answer

Curve A in the figure is called the line of equality, also known as perfect equality line. It represents a situation where everyone receives an equal share of income and wealth in society. Therefore, the point where the line intersects with the vertical axis represents the income level of the poorest group, and the point where it intersects with the horizontal axis represents the income level of the wealthiest group. The line of equality is used as a benchmark to evaluate income distribution in various countries and societies.

Use the Figure Below to Answer the Following Questions