Which of the following statements is correct? A. The closer the Lorenz curve is to the line
Question:
Which of the following statements is correct?
A. The closer the Lorenz curve is to the line of equality, the more unequal is the distribution of income.
B. The farther the Lorenz curve is from the line of equality, the more unequal is the distribution of income.
C. If the Lorenz curve crosses the line of equality the distribution of income is more unequal at high income levels than at low income levels.
D. The Lorenz curve for wealth is closer to the line of equality than the Lorenz curve for income.
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