-The above figure shows the Lorenz curves for four different countries. Which of the following statements CAN be made on the basis of the graph?

Question

Quizplus · Accepted Answer

The Lorenz curve is a graphical representation of income or wealth distribution within a country, with perfect equality represented by the 45-degree line. The farther a country's Lorenz curve is from this line, the more unequal its distribution. Country B's Lorenz curve is closer to the line of equality than country D's, indicating a more equal distribution of income in country B. Choices A and B cannot be determined from the Lorenz curve alone, as it does not provide information on the type of economic system (socialist or otherwise) or the balance between equity and efficiency.

-The Above Figure Shows the Lorenz Curves for Four Different