Exhibit 12-2 Lorenz curve

As shown in Exhibit 12-2, 60 percent of families earned a cumulative share of about ____ of income.

Name: Exhibit 12-2 Lorenz curve As shown in Exhibit 12-2, 60 percent of families earned a cumulative share of about ____ of income.
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Question

Exhibit 12-2 Lorenz curve

As shown in Exhibit 12-2, 60 percent of families earned a cumulative share of about ____ of income.

Quizplus · Accepted Answer

The Lorenz curve shows the cumulative share of income earned by a certain percentage of families. In Exhibit 12-2, we can see that 60% of families earn approximately 30% of the total income. Therefore, choice C) 30 percent is the correct answer.

Exhibit 12-2 Lorenz Curve