-The Above Figure Shows Two Lorenz Curves

question 152

Multiple Choice

-The above figure shows two Lorenz curves. Lorenz curve A shows the distribution of income and Lorenz curve B shows the distribution of wealth. Which statement below is CORRECT?

• A) The Lorenz curve for wealth shows that wealth is distributed less equally because wealth does not include human capital.
• B) The Lorenz curve for income shows that income is distributed less equally because income does not include income from stocks and bonds.
• C) The Lorenz curves show wealth is greater than income.
• D) The Lorenz curves show income is greater than wealth.

---

Definitions:

Experimental Group

A group of participants in a study that receives the treatment or intervention being tested, allowing researchers to assess the effect of the treatment.

Statistical Significance

Statistical Significance is a measure of how likely it is that an obtained result in a study is due to chance, used to assess the reliability of the observed differences or relationships in data.

Ethical Standards

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

APA

American Psychological Association, a prominent professional organization for psychologists in the United States.