what-does-the-line-of-perfectly-equal-distribution-represent-on-a-lorenz-curve

Question

What does the line of perfectly equal distribution represent on a Lorenz curve?

Accepted Answer

A situation where each quintile earns an equal percentage of total income.

Answer

A situation where income is distributed randomly among quintiles.

Answer

A situation where the richest quintile earns all the income.

Answer

A situation where the poorest quintile earns all the income.