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    Microeconomics Study Set 45
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    Exam 23: Income Inequality, Poverty, and Discrimination
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    Refer to the Figure, Which Shows Four Different Lorenz Curves
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Refer to the Figure, Which Shows Four Different Lorenz Curves

Question 22

Question 22

Multiple Choice

  Refer to the figure, which shows four different Lorenz curves (I, II, III, and IV) . What point indicates that the lower 60 percent of the households receive only 40 percent of the nation's total income? A) a B) b C) c D) d Refer to the figure, which shows four different Lorenz curves (I, II, III, and IV) . What point indicates that the lower 60 percent of the households receive only 40 percent of the nation's total income?


A) a
B) b
C) c
D) d

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