Refer to the above graph,which shows four different Lorenz curves (I,II,III,and IV).What point indicates that 60 percent of the households receive only 40 percent of the income?

Question

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Point B on Lorenz curve II indicates that 60 percent of the households receive only 40 percent of the income. This is because at B, the vertical axis (percentage of total income) intersects the 60 percent horizontal axis, meaning that the bottom 60 percent of households are only receiving 40 percent of the total income.

Refer to the Above Graph,which Shows Four Different Lorenz Curves