The Figure Above Shows Lorenz Curves for a Nation

question 13

Multiple Choice

The figure above shows Lorenz curves for a nation.
-Based on the figure above,

• A) wealth is distributed more equally than income.
• B) the Lorenz curve for wealth shows that the poorest 40 percent of households receive about 40 percent of the nation's wealth.
• C) average income exceeds average wealth.
• D) average wealth exceeds average income.
• E) the Lorenz curve for income shows that the richest 20 percent of households receive about 50 percent of the nation's income.

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