The greater the degree of inequality in the distribution of income, the more bowed will be the Lorenz curve toward the

Question

Quizplus · Accepted Answer

The Lorenz curve illustrates the distribution of income within a society. The more unequal the distribution, the more the curve bows away from the line of equality (a straight diagonal line from the lower left-hand corner to the upper right-hand corner), towards the lower right-hand corner. This indicates a larger proportion of the total income is held by a smaller percentage of the population.

The Greater the Degree of Inequality in the Distribution of Income