The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2

-The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality.

Question

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2
 
-The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality.

Quizplus · Accepted Answer

The farther the Lorenz curve from the line of perfect equality, the higher is the income inequality, as it indicates a larger disparity between the distribution of income among the population.

The Table Given Below Shows the Absolute Tax Amounts Under