Figure 16.7 Figure 16.7 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 16.7.The second highest 20 per cent of households

Question

Figure 16.7  Figure 16.7 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 16.7.The second highest 20 per cent of households

Quizplus · Accepted Answer

The second highest 20 per cent of households earning 24 per cent of the society's total income is a common distribution pattern in many societies, reflecting a level of income inequality where the top segments earn a disproportionately higher share of income, but not as high as the very top percentile.

Figure 167 Figure 16