True or False (and explain): When the Lorenz Curve is a straight diagonal line (at 45 degrees), we have complete equality in the income distribution and the Gini Coefficient will be exactly equal to 1.
True or False (and explain): When the Lorenz Curve is a straight diagonal line (at 45 degrees), we have complete equality in the income distribution and the Gini Coefficient will be exactly equal to 1.
Chapter15: The Distribution Of Income And Poverty
Section: Chapter Questions
Problem 2WNG
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![True or False (and explain): When the Lorenz Curve is a straight diagonal line
(at 45 degrees), we have complete equality in the income distribution and the
Gini Coefficient will be exactly equal to 1.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7c0e670a-2918-48e3-8b61-1204d22c3f04%2Fdfaf243c-bae5-437e-8b7a-3857ec602425%2F6zb2ndx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:True or False (and explain): When the Lorenz Curve is a straight diagonal line
(at 45 degrees), we have complete equality in the income distribution and the
Gini Coefficient will be exactly equal to 1.
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