The figure below shows two Lorenz curves, Y and Z. Figure 33.1
According to Figure 33.1, which of the following is true?
A) Line OXB is the line of perfect income inequality.
B) Curve OYB represents a less equal distribution of income than curve OZB.
C) Line AB represents a society in which wealth is shared equally among individuals.
D) Line OXB is the line of perfect income equality.
E) Line AB represents a society in which 50 percent of the population receives all the income.
Correct Answer:
Verified
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