-Refer to the above figure. For which Lorenz curve does the richest 25 percent make 50 percent of the nation's money income?

Question

Quizplus · Accepted Answer

Lorenz curve C shows that the richest 25% of the population (the top 25% on the horizontal axis) corresponds to 50% of the nation's income (the point at which the curve meets the 50% mark on the vertical axis). This is indicative of the income distribution where the top quarter earns half of the total income.

-Refer to the Above Figure