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Social Science Clinic => Economics => Microeconomics => Topic started by: futuristic on May 24, 2019

Title: Looking at the Lorenz curves for income distribution in all the world's nations, we would find that
Post by: futuristic on May 24, 2019

Looking at the Lorenz curves for income distribution in all the world's nations, we would find that
◦ some nations have Lorenz curves that lie above the 45° line, other nations have Lorenz curves that lie below the 45° line, but no nation has a Lorenz curve that lie on the 45° line.
◦ all nations have Lorenz curves that lie above the 45° line.
◦ all nations have Lorenz curves that lie below the 45° line.
◦ some nations have Lorenz curves that lie above the 45° line, other nations have Lorenz curves that lie below the 45° line, and still other nations have a Lorenz curve that lies on the 45° line.
◦ None of these answers is correct.

Title: Looking at the Lorenz curves for income distribution in all the world's nations, we would find that
Post by: mathjasmine on May 24, 2019

all nations have Lorenz curves that lie below the 45° line.

Title: Re: Looking at the Lorenz curves for income distribution in all the world's nations, we would find t
Post by: mma28341 on Sep 21, 2022

Thank you