If country A and country B have identical Lorenz curves,it means:
A) country A and country B have the same income per capita.
B) country A and country B have the same population.
C) country A and country B have the same distribution of income.
D) country A and country B have the same poverty gap.

Question

Quizplus · Accepted Answer

Lorenz curve is a graphical representation of income distribution. If countries A and B have identical Lorenz curves, it means that they have the same distribution of income, regardless of their population size or average income per capita. This implies that the same proportion of the population in both countries earns the same percentage of total income, and therefore, the distribution of income is equally skewed in both countries.

If Country a and Country B Have Identical Lorenz Curves,it