Refer to the information provided in Figure 18.1 below to answer the question(s) that follow. Figure 18.1
-Refer to Figure 18.1. Suppose that the Lorenz curve ran along the ________ to 100%, then became ________ to 100%. This would mean that only one family earned all the income.

Question

Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.  Figure 18.1
-Refer to Figure 18.1. Suppose that the Lorenz curve ran along the ________ to 100%, then became ________ to 100%. This would mean that only one family earned all the income.

Quizplus · Accepted Answer

If the Lorenz curve ran along the X-axis to 100% and then became vertical to 100%, it would indicate that all the cumulative income is earned by the last family counted, meaning only one family earned all the income.

Refer to the Information Provided in Figure 18