Figure 16.4
-Refer to Figure 16.4.Rank the above panels in terms of most unequal income distribution to least unequal income distribution.

Question

Figure 16.4 
-Refer to Figure 16.4.Rank the above panels in terms of most unequal income distribution to least unequal income distribution.

Quizplus · Accepted Answer

The Lorenz curve is used to represent income distribution, where a curve closer to the diagonal line indicates more equal distribution. Panel B shows the most deviation from the diagonal, indicating the most unequal distribution, followed by Panel C, and then Panel A, which is closest to the line of equality.

Figure 16.4 -Refer to Figure 16.4.Rank the Above Panels in Terms of in Terms