In an economy where the poorest quintile of the population receives 5 percent of the income, the Lorenz curve at the quintile

Question

Quizplus · Accepted Answer

The Lorenz curve at the quintile for the poorest 20% of the population would register 5 percent of the income, reflecting the share of total income received by the bottom 20%. This is a graphical representation of income distribution, where the curve farther from the diagonal line indicates greater inequality.

In an Economy Where the Poorest Quintile of the Population