Solved

Figure 167 Figure 16

Question 108

Multiple Choice

Figure 16.7 Figure 16.7 Figure 16.7 shows the Lorenz curve for a hypothetical country. -Refer to Figure 16.7.The second lowest 20 per cent of households A) earn 12 per cent of the society's total income. B) earn 16 per cent of the society's total income. C) earn 28 per cent of the society's total income. D) earn 40 per cent of the society's total income. Figure 16.7 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 16.7.The second lowest 20 per cent of households

A) earn 12 per cent of the society's total income.
B) earn 16 per cent of the society's total income.
C) earn 28 per cent of the society's total income.
D) earn 40 per cent of the society's total income.

Correct Answer: