The figure above shows Lorenz curves for a nation.
-Based on the figure above,
A) wealth is distributed more equally than income.
B) the Lorenz curve for wealth shows that the poorest 40 percent of households receive about 40 percent of the nation's wealth.
C) average income exceeds average wealth.
D) average wealth exceeds average income.
E) the Lorenz curve for income shows that the richest 20 percent of households receive about 50 percent of the nation's income.
Correct Answer:
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