Based on Canadian income data from 2011,approximately how many times as much income as the bottom fifth did the second fifth of all families receive

Question

Quizplus · Accepted Answer

According to the Lorenz curve and income data from 2011 in Canada, the second fifth of all families received approximately 7.2 times as much income as the bottom fifth. This can be determined by finding the point on the Lorenz curve where the second fifth intersects, and comparing it to the point where the bottom fifth intersects. The ratio of these two points is approximately 7.2. Therefore, the correct answer is C) 7.2.

Based on Canadian Income Data from 2011,approximately How Many Times