If the income distribution is more unequal than the wealth distribution,then the
A) Lorenz curve for income will be farther away from the line of equality than the Lorenz curve for wealth.
B) government has imposed a higher tax rate on income.
C) Lorenz curve for wealth will be farther away from the line of equality than the Lorenz curve for income.
D) Lorenz curve for wealth will lie above the Lorenz curve for income.
E) It is not possible to draw the Lorenz curve for wealth on the same figure with the Lorenz curve for income.
Correct Answer:
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