Multiple Choice
The diagonal line on a Lorenz curve diagram represents
A) the degree of inequality in the distribution of income.
B) the percentage of income received by the bottom 50% of families.
C) the dollar incomes of the bottom 50% of families.
D) the percentage of income received by the top 50% of families.
E) where the Lorenz curve would be if there were complete income equality.
Correct Answer:
Verified
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