The figure given below shows the Lorenz curves of two countries (Country A and Country B). Figure 33.2
Total income (cumulative percentage) Total population (cumuative percentage)
In Figure 33.2, the richest 20 percent of the population in Country B receive:

Question

The figure given below shows the Lorenz curves of two countries (Country A and Country B). Figure 33.2
Total income (cumulative percentage)  Total population (cumuative percentage)
In Figure 33.2, the richest 20 percent of the population in Country B receive:

Quizplus · Accepted Answer

The point on the Lorenz curve where the vertical axis (cumulative percentage of total income) intersects with the horizontal axis (cumulative percentage of total population) shows the proportion of national income received by a particular percentage of the population. In Country B, the point where the richest 20 percent of the population intersects with the Lorenz curve indicates that they receive approximately 60 percent of the national income. Therefore, the correct answer is B.

The Figure Given Below Shows the Lorenz Curves of Two