If Everybody Had the Same Income, the Lorenz Curve Would

question 39

Multiple Choice

If everybody had the same income, the Lorenz curve would

• A)be a curve that intersects the line of income equality at the point at which 50 percent of the population earns 50 percent of the income.
• B)be the line of income equality.
• C)bow down below the line of income equality.
• D)bow up above the line of income equality.
• E)be a line below and parallel to the line of income equality.

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Definitions:

Political Party

An organized group of people with at least roughly similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.

Income Brackets

Categories defined by ranges of income levels, often used for statistical analysis and tax purpose.

Affiliations

Connections or associations with a group, organization, or individual based on shared interests or goals.

Car Colour

The hue or shades applied to the exterior of vehicles, often affecting their aesthetic appeal and sometimes insurance ratings or resale value.