-The Lorenz Curve in the Above Figure Implies That

question 116

Multiple Choice

-The Lorenz curve in the above figure implies that

• A) the highest fifth of households account for less than 20 per cent of income.
• B) income is equally distributed.
• C) the lowest fifth of households account for less than 20 per cent of income.
• D) the lowest fifth of households account for more than 20 per cent of income.

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Definitions:

Deprivation

The lack or denial of something considered to be a necessity, such as food, shelter, or emotional comfort.

Physical Needs

Basic requirements necessary for physiological well-being, such as food, water, shelter, and sleep.

Tension

A mental or emotional strain caused by challenging or demanding circumstances.