Compared to the Lorenz curve for high-income countries, the Lorenz curve for developing countries generally
A) is about the same.
B) lies closer to the axes.
C) lies closer to the 45-degree line.
D) crosses the 45-degree line.

Question

Quizplus · Accepted Answer

The Lorenz curve for developing countries generally lies closer to the axes, indicating greater income inequality compared to high-income countries.

Compared to the Lorenz Curve for High-Income Countries, the Lorenz