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:

Simple Random Sampling

A statistical sampling technique in which each member of a population has an equal chance of being included in the sample.

Streaming Service

A platform that delivers content, such as music, movies, or television shows, over the internet, enabling users to access it on-demand.

College Students

Individuals engaged in post-secondary education at colleges or universities.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.