Indicate whether questions 5 through 11 are true or false based upon the following diagram.

-The diagram above shows possible locations for the Lorenz curve.

Question

Indicate whether questions 5 through 11 are true or false based upon the following diagram.
 
-The diagram above shows possible locations for the Lorenz curve.

Quizplus · Accepted Answer

The Lorenz curve is a graphical representation of the cumulative distribution of income or wealth. It shows the proportion of total income or wealth that is held by the poorest x% of the population. The Lorenz curve can be used to measure the degree of income or wealth inequality in a society. A more unequal society will have a Lorenz curve that is further from the line of perfect equality.

Indicate Whether Questions 5 Through 11 Are True or False