Use the following to answer question(s): Income Distribution in the United States

-(Exhibit: Income Distribution in the United States) Which of the following statements is true?
A) For 1968, a point on the Lorenz curve would show the lowest 40 percent of the families receiving 15.3 percent of the income.
B) For 2010, a point on the Lorenz curve would show the lowest 80 percent of the families receiving 49.4 percent of the income.
C) For 1968, a point on the Lorenz curve would show the lowest 80 percent of the families receiving 24.5 percent of the income.
D) For 2010, the lowest 40 percent of the families received 8.9 percent of the income.

Question

Use the following to answer question(s): Income Distribution in the United States
 
-(Exhibit: Income Distribution in the United States) Which of the following statements is true?
A) For 1968, a point on the Lorenz curve would show the lowest 40 percent of the families receiving 15.3 percent of the income. 
B) For 2010, a point on the Lorenz curve would show the lowest 80 percent of the families receiving 49.4 percent of the income. 
C) For 1968, a point on the Lorenz curve would show the lowest 80 percent of the families receiving 24.5 percent of the income. 
D) For 2010, the lowest 40 percent of the families received 8.9 percent of the income.

Quizplus · Accepted Answer

The Lorenz curve for 1968 shows that the lowest 40 percent of families received 15.3 percent of the income, which matches statement A.

Use the Following to Answer Question(s): Income Distribution in the United