Which of the following statements is true regarding the distribution of income in Australia?
A) The Lorenz curve shows that incomes are distributed fairly.
B) The line of equality shows that incomes are distributed equally.
C) The inequality in the distribution of income can be seen because the Lorenz curve lies above the line of equality.
D) The inequality in the distribution of income can be seen because the Lorenz curve lies below the line of equality.
E) Both answers A and B are correct.
Correct Answer:
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A) vertical.
B) horizontal.
C) upward sloping.
D)
A)
A) lies
