Figure 18-3 Figure 18-3 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 18-3.The second lowest 20 percent of households
A)earn 12 percent of the society's total income.
B)earn 16 percent of the society's total income.
C)earn 28 percent of the society's total income.
D)earn 40 percent of the society's total income.

Question

Figure 18-3  Figure 18-3 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 18-3.The second lowest 20 percent of households
A)earn 12 percent of the society's total income. 
B)earn 16 percent of the society's total income. 
C)earn 28 percent of the society's total income. 
D)earn 40 percent of the society's total income.

Quizplus · Accepted Answer

The Answer of Figure 18-3  Figure 18-3 shows the Lorenz curve for a hypothetical country.
-Refer to Figure 18-3.The second lowest 20 percent of households
A)earn 12 percent of the society's total income. 
B)earn 16 percent of the society's total income. 
C)earn 28 percent of the society's total income. 
D)earn 40 percent of the society's total income.

Figure 18-3 Figure 18-3 Shows the Lorenz Curve for a Hypothetical