The Figure Given Below Shows the Lorenz Curves of Two

question 20

Multiple Choice

The figure given below shows the Lorenz curves of two countries (Country A and Country B) . Figure 19.2
Total income (cumulative percentage) Total population (cumuative percentage)
-Refer to Figure 19.2.The richest 20 percent of the population in Country A receive:

• A)10 percent of the national income.
• B)20 percent of the national income.
• C)30 percent of the national income.
• D)40 percent of the national income.
• E)50 percent of the national income.

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Definitions:

Transportation-Related Costs

Expenses incurred during the process of moving goods or individuals from one location to another, including costs such as fuel, tolls, and maintenance.

Electric Charges

A fundamental property of matter that causes it to experience a force when placed in an electromagnetic field.

Net Change Percentage

The percent difference between the closing price of a security on the trading day and its closing price on the previous day.

Electric Rates

Electric rates refer to the cost per unit of electricity that consumers are charged by their utility company, varying based on time of use and location.