The above figure shows the Lorenz curves for four different countries. Which of the following statements is FALSE?
A) Country A has an income distribution that is not perfectly equal.
B) Country D's income distribution is the most unequal of the four countries.
C) The distribution of income is more unequal in country A than in country B.
D) The distribution of income is more unequal in country D than in country C.
C
You might also like to view...
If the managers of the bus system found that revenues increase when fares are raised, they would conclude that price elasticity demand for subway service is inelastic
a. True b. False Indicate whether the statement is true or false
What is a multilateral exchange rate?
a. It is an exchange rate that is measured by using a number of different techniques. b. It is an exchange rate that calculates the overall movement of the rate against more than just one other currency. c. It is an exchange rate that is measured once every 10 years. d. It is a rate that is set by the IMF for many different nations.