The Lorenz curve shows what portion of total money income is accounted for by

Question

Quizplus · Accepted Answer

The Lorenz curve is a graphical representation of the distribution of income or wealth in a population. It shows what portion of total income is earned by different proportions of a country's households, typically arranged from the poorest to the richest. Therefore, option A is the correct answer. Option B, C, and D are incorrect because the Lorenz curve does not only show the wealth of the wealthiest citizens, poor people or taxpaying citizens.

The Lorenz Curve Shows What Portion of Total Money Income