Use the following to answer question(s): Income Distribution

-(Exhibit: Income Distribution) Curve B:
A) is called a Lorenz curve.
B) shows that the lowest 20% of the families gets 60% of the income.
C) shows that 60 percent of the families get 40 percent of the income.
D) shows an equal distribution of income.

Question

Use the following to answer question(s): Income Distribution
 
-(Exhibit: Income Distribution) Curve B:
A) is called a Lorenz curve. 
B) shows that the lowest 20% of the families gets 60% of the income. 
C) shows that 60 percent of the families get 40 percent of the income. 
D) shows an equal distribution of income.

Quizplus · Accepted Answer

Curve B is called a Lorenz curve, which is a graphical representation of income distribution.

Use the Following to Answer Question(s): Income Distribution