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16. Income Inequality and Poverty
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16. Income Inequality and Poverty
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16. Income Inequality and Poverty / Lorenz Curve and Gini Coefficient / Problem 12
Problem 12
What does the line of perfectly equal distribution represent on a Lorenz curve?
A
A situation where income is distributed randomly among quintiles.
B
A situation where each quintile earns an equal percentage of total income.
C
A situation where the richest quintile earns all the income.
D
A situation where the poorest quintile earns all the income.
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