When the Lorenz curve lies above the diagonal,
A) the poorest 20 percent of the population receive more than 20 percent of income.
B) the richest 20 percent of the population receive more than 20 percent of income.
C) everyone receives the same income.
D) the country's income has been rising over time.
E) it is wrong since it is impossible for the graph to look like this.
Correct Answer:
Verified
Q35: Statistics on families below the poverty line
Q51: The largest in-kind transfer program is:
A) Transitory
Q52: Which of the following is not an
Q53: When the Lorenz curve moves closer to
Q54: The poverty income level equals the:
A) average
Q55: The official poverty line is defined as:
A)
Q57: For the calculation of a Lorenz curve
Q59: The official poverty rate for all persons
Q60: The social security tax is called FICA,
Q61: Exhibit 12-7 Negative income tax 
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