The graph shown displays a Lorenz curve. 
Which of the following statements is true?
A) Curve B demonstrates a more equal society than curve A.
B) The top 10 percent of earners in the society represented by curve B earn a higher percentage of total income than the top 10 percent of earners in the society represented by curve A.
C) Curve B represents a more desirable society.
D) Individuals in the society represented by curve B must work longer hours than individuals in the society represented in curve A in order to reach the same income.
Correct Answer:
Verified
Q62: Members of the top quintile of income
Q63: The Gini coefficient measures:
A)income inequality.
B)poverty prevalence.
C)average income
Q64: The Lorenz curve maps:
A)the cumulative percentage of
Q65: The graph shown displays the Lorenz curve
Q66: A Gini coefficient of zero indicates:
A)no income
Q68: The graph shown displays a Lorenz curve.
Q69: The global pattern of inequality has:
A)remained surprisingly
Q70: The Gini coefficient is calculated by measuring
Q71: A perfectly straight Lorenz curve would indicate
Q72: The graph shown displays the Lorenz curves
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