If the bottom 20% of households earn 5% of the total income, and the next 20% earn 10%, what is the cumulative income percentage for the bottom 40%?

If a country's Lorenz curve has an area A of 0.3 and area B of 0.7, what is the Gini coefficient?

What does a Lorenz curve that lies completely along the horizontal axis and then vertically at the end represent?

How is complete inequality represented on a Lorenz curve?

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

How is the Gini coefficient calculated using the Lorenz curve?

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?

On a Lorenz curve, what does the horizontal axis represent?

What does a Gini coefficient of 0.6 suggest about a country's income distribution?

What does a Gini coefficient closer to 1 imply about a country's income distribution?