The graph shown displays a society's Lorenz curve. 
Which of the following statements is true?
A) This society would be more unequal if the curve was bowed outward instead of inward.
B) The top 20 percent of earners hold 10 percent of the total income.
C) The top 40 percent of earners hold 60 percent of the total income.
D) Households at the 50th percentile of the income distribution earn the same as households at the 60th percentile of the income distribution.
Correct Answer:
Verified
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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
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