Use the figure below to answer the following questions.

Figure 19.1.2
-Consider the Lorenz curves in Figure 19.1.2.Which point indicates that the poorest 20 percent of families earn 9 percent of the income?

Question

Use the figure below to answer the following questions.
  
Figure 19.1.2
-Consider the Lorenz curves in Figure 19.1.2.Which point indicates that the poorest 20 percent of families earn 9 percent of the income?

Quizplus · Accepted Answer

The Lorenz curve represents the cumulative distribution of income. Point 'a' on the curve indicates that the poorest 20 percent of families earn 9 percent of the income, as it aligns with the 20% mark on the x-axis and the 9% mark on the y-axis.

Use the Figure Below to Answer the Following Questions