Figure 17-7 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 17-7. The second lowest 20 percent of households
A) earn 12 percent of the society's total income.
B) earn 16 percent of the society's total income.
C) earn 28 percent of the society's total income.
D) earn 40 percent of the society's total income.

Question

Figure 17-7 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 17-7. The second lowest 20 percent of households
A) earn 12 percent of the society's total income. 
B) earn 16 percent of the society's total income. 
C) earn 28 percent of the society's total income. 
D) earn 40 percent of the society's total income.

Quizplus · Accepted Answer

The Answer of 
 
Figure 17-7 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 17-7. The second lowest 20 percent of households
A) earn 12 percent of the society's total income. 
B) earn 16 percent of the society's total income. 
C) earn 28 percent of the society's total income. 
D) earn 40 percent of the society's total income.

Figure 17-7 Shows the Lorenz Curve for a Hypothetical Country