16. Income Inequality and Poverty
Lorenz Curve and Gini Coefficient
Multiple Choice
Multiple ChoiceWhich of the following would represent the Lorenz curve of an nation where everyone earned equal income?
A
The Lorenz curve would have a negative slope
B
The Lorenz curve would be U-shaped.
C
The Lorenz curve would be a straight line with a slope of 1.
D
The Lorenz curve would not exist.
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