In Australia, the Lorenz curve for wealth is _______ from the 45- degree line than is the Lorenz curve for income, which means that the distribution of wealth is more _______ than the distribution of income.

Question

Quizplus · Accepted Answer

The Lorenz curve is a graphical representation of the distribution of income or wealth within an economy. The farther away the Lorenz curve is from the 45-degree line (which represents perfect equality), the more unequal the distribution. Therefore, if the Lorenz curve for wealth in Australia is farther away from the 45-degree line than the Lorenz curve for income, it means that the distribution of wealth is more unequal than the distribution of income.

In Australia, the Lorenz Curve for Wealth Is _______ from the 45-