Refer to the information provided in Figure 18.4 below to answer the questions that follow. Figure 18.4
-Refer to Figure 18.4. Suppose that the Lorenz curve ran along the horizontal axis to 100% of families, then became vertical to 100% of income. This would mean that

Question

Refer to the information provided in Figure 18.4 below to answer the questions that follow.  Figure 18.4
-Refer to Figure 18.4. Suppose that the Lorenz curve ran along the horizontal axis to 100% of families, then became vertical to 100% of income. This would mean that

Quizplus · Accepted Answer

If the Lorenz curve runs along the horizontal axis and then becomes vertical at 100% of income, it indicates that one family earns all the income, representing complete inequality.

Refer to the Information Provided in Figure 18