in-a-real-world-scenario-if-a-countrys-lorenz-curve-is-very-close-to-the-line-of

Question

In a real-world scenario, if a country's Lorenz curve is very close to the line of equality, what can be inferred about its income distribution?

Accepted Answer

The country has a relatively equal income distribution.

Answer

The country's income distribution is random.

Answer

The country has a high level of income inequality.

Answer

The country has a low GDP.