If Everyone in an Economy Had the Exactly Same Level

question 20

Multiple Choice

If everyone in an economy had the exactly same level of income,where would the Lorenz curve for this economy locate?

• A) 45 degree line.
• B) L-shaped curve following the bottom and right sides of the Lorenz curve box.
• C) L-shaped curve following the left and top sides of the Lorenz curve box.
• D) a curve starts off with a lope lower than 1 then it becomes steeper.

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