A Lorenz Curve That Is Perfectly Straight Indicates

question 120

Multiple Choice

A Lorenz curve that is perfectly straight indicates

• A) that society is very rich.
• B) that a small portion of the population accounts for most of the income.
• C) that a large portion of the population accounts for most of the income.
• D) complete income equality.

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Definitions:

Symbolic Form

The representation of logical propositions using symbols to simplify notation and facilitate logical analysis.

Rotating

The act of turning around a central point or axis.

Natural Explanation

An explanation based on natural causes or phenomena, typically excluding supernatural or artificial factors.

Miracle

An extraordinary and welcome event that is not explicable by natural or scientific laws and is therefore attributed to a divine agency.