Figure 33.3 illustrate Lorenz curves for four different economies.Which economy will have a Gini coefficient of zero?

Question

Quizplus · Accepted Answer

The economy with the Lorenz curve closest to the perfect equality line (the 45-degree line) will have a Gini coefficient of zero. Among the given options, it is economy A that is closest to the perfect equality line, indicating that it has the most equal distribution of income and wealth, with a Gini coefficient of zero.

Figure 333 Illustrate Lorenz Curves for Four Different Economies