Solved

The Figure Below Shows Two Lorenz Curves,Y and Z

Question 28

Multiple Choice

The figure below shows two Lorenz curves,Y and Z. Figure 19.1 The figure below shows two Lorenz curves,Y and Z. Figure 19.1    -According to Figure 19.1,which of the following is true? A) Line OXB is the line of perfect income inequality. B) Curve OYB represents a less equal distribution of income than curve OZB. C) Line AB represents a society in which wealth is shared equally among individuals. D) Line OXB is the line of perfect income equality. E) Line AB represents a society in which 50 percent of the population receives all the income.
-According to Figure 19.1,which of the following is true?


A) Line OXB is the line of perfect income inequality.
B) Curve OYB represents a less equal distribution of income than curve OZB.
C) Line AB represents a society in which wealth is shared equally among individuals.
D) Line OXB is the line of perfect income equality.
E) Line AB represents a society in which 50 percent of the population receives all the income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents