All real-world Lorenz curves are below the diagonal line because income is always distributed unequally in the real world.

Name: All real-world Lorenz curves are below the diagonal line because income is always distributed unequally in the real world.
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Question

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In the real world, income distribution is never perfectly equal, so the Lorenz curve, which represents cumulative income distribution, always lies below the diagonal line of perfect equality.

All Real-World Lorenz Curves Are Below the Diagonal Line Because