As the Lorenz Curve gets closer to the line of absolute equality, the ________. a. the higher is the degree of income equality b. the lower is the degree of income inequality c. the lower is the degree of income equality d. the higher is the degree of income inequality
As the Lorenz Curve gets closer to the line of absolute equality, the ________. a. the higher is the degree of income equality b. the lower is the degree of income inequality c. the lower is the degree of income equality d. the higher is the degree of income inequality
Chapter33: Income, Income Distribution, And Poverty
Section: Chapter Questions
Problem 1E
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As the Lorenz Curve gets closer to the line of absolute equality, the ________.
a. the higher is the degree of income equality
b. the lower is the degree of income inequality
c. the lower is the degree of income equality
d. the higher is the degree of income inequality
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