Multiple Choice
The figure above shows Lorenz curves for a nation.
-Based on the figure above,which of the following can cause a movement from point C to point D on the Lorenz curve for income?
A) an increase in income for the bottom 60 percent of households
B) an increase in income for the bottom 80 percent of households
C) a decrease in income for the bottom 60 percent of households
D) a decrease in income for the bottom 80 percent of households
E) None of the above answers is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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