Consider the area between the line of perfect income equality and the Lorenz curve. In country A this area is larger than in country B. It follows that
A) the bottom 20 percent income group receives a lower percentage of total income in country A than in country B.
B) the bottom 20 percent income group receives a lower percentage of total income in country B than in county A.
C) the top 20 percent income group receives a higher percentage of total income in country B than in country A.
D) the top 20 percent income group receives a higher percentage of total income in country A than in country B.
E) none of the above
Correct Answer:
Verified
Q78: If a person's asset income rises and
Q79: If the Gini coefficient is equal to
Q80: The closer the Gini coefficient is to
Q81: In country A the income shares (in
Q82: Smith and Jones work at very similar