Multiple Choice
The figure above shows Lorenz curves for a nation.
-Based on the figure above,if the poorest 20 percent group of households increased the share of the nation's income they receive,then
A) there is a movement up along the Lorenz curve for income.
B) there is a movement down along the Lorenz curve for income.
C) the Lorenz curve for income shifts toward the line of equality.
D) the Lorenz curve for income shifts away from the line of equality.
E) Both answers A and C are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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