Over the past decade, the incomes of the top 1 percent have increased while the incomes of the middle class declined. These changes mean that the Lorenz curve moved ________ the 45 degree line and the Gini ratio has ________.

Question

Quizplus · Accepted Answer

The Lorenz curve moving further away from the 45-degree line indicates increased income inequality, which results in a higher Gini ratio.

Over the Past Decade, the Incomes of the Top 1