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Exhibit 12-3 Lorenz Curve for an Economy

Question 30

Multiple Choice

Exhibit 12-3 Lorenz curve for an economy Exhibit 12-3 Lorenz curve for an economy -According to the Lorenz curve shown in Exhibit 12-3, what percentage of total income is earned by the richest 20 percent of families? A) 20 percent. B) 40 percent. C) 60 percent. D) 80 percent.
-According to the Lorenz curve shown in Exhibit 12-3, what percentage of total income is earned by the richest 20 percent of families?


A) 20 percent.
B) 40 percent.
C) 60 percent.
D) 80 percent.

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