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FIGURE 14-7 -Refer to Figure 14-7.On the Lorenz Curve Shown in the in the Diagram

Question 117

Multiple Choice

FIGURE 14-7 -Refer to Figure 14-7.On the Lorenz curve shown in the diagram, A) the poorest 20% of families earn almost 90% of total income. B) perfect equality of income distribution occurs. C) the richest 20% of families earn over 60% of total income. D) the functional distribution of income is shown. E) the richest 20% of families earn almost 40% of total income. FIGURE 14-7
-Refer to Figure 14-7.On the Lorenz curve shown in the diagram,

A) the poorest 20% of families earn almost 90% of total income.
B) perfect equality of income distribution occurs.
C) the richest 20% of families earn over 60% of total income.
D) the functional distribution of income is shown.
E) the richest 20% of families earn almost 40% of total income.

Correct Answer: