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If One Person in an Economy Had All the Income

Question 20

Multiple Choice

If one person in an economy had all the income and the rest of the population had zero income,where would the Lorenz curve for this economy locate?


A) 45 degree line.
B) L-shaped curve following the bottom and right sides of the Lorenz curve box.
C) L-shaped curve following the left and top sides of the Lorenz curve box.
D) a curve starts off with a lope lower than 1 then it becomes steeper.

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