When income is distributed perfectly equally in an economy,the Lorenz curve is a 45-degree straight line from the origin.

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Quizplus · Accepted Answer

This is true. The Lorenz curve is a graphical representation of income distribution in an economy. When income is distributed perfectly equally, each person would have the same income and the Lorenz curve would be a 45-degree straight line from the origin, as every percentage of the population would have an equal percentage of total income.

When Income Is Distributed Perfectly Equally in an Economy,the Lorenz