Reference: 1918
-(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 1997, 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 1997, the lowest 40 percent of the families received 8.9 percent of the income.
Correct Answer:
Verified
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