If a Lorenz curve for income moves rightward and becomes more bowed out over time, then

Name: If a Lorenz curve for income moves rightward and becomes more bowed out over time, then
Brand: Quizplus
Rating: 4.7 (46 reviews)

Question

Quizplus · Accepted Answer

When a Lorenz curve moves rightward and becomes more bowed out, it indicates that income is becoming more unequally distributed among the population. This graphical representation shows a larger gap between the line of perfect equality and the actual distribution of income, signifying increased inequality.

If a Lorenz Curve for Income Moves Rightward and Becomes