If a society exhibits perfect equality in the distribution of income,such that each household receives an equal share of aggregate income,then the Lorenz curve would be
A) a 45º line from the origin.
B) a perfectly smooth U-shaped curve.
C) the x-axis.
D) the y-axis.
E) a downward-sloping curve that resembles a demand curve.
Correct Answer:
Verified
Q2: Q3: The Gini coefficient can be calculated by Q4: Q5: In Canada,from 1951 to 2009,the share of Q6: The poverty intensity index includes measures of Q8: If we graph the relationship between the Q9: Since the early 1980s,the pattern of income Q10: A Lorenz curve is a graph that Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
A)
