Consider two income distributions in a 10-person society. and . Which statement most accurately describes the relationship between the two distributions?
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DSE 2013 Question 43: Poverty, inequality and human development
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Consider two income distributions in a 10-person society. A:(1000,1000,1000,1000,1000,1000,1000,2000,2000,2000) and B:(1000,1000,1000,1000,1000,2000,2000,2000,2000,2000). Which statement most accurately describes the relationship between the two distributions? (A) The Lorenz curve for distribution A lies to the right of that for distribution B (B) The Lorenz curve for distribution B lies to the right of that for distribution A (C) The Lorenz curves for the two distributions cross each other (D) The Lorenz curves for the two distributions are identical for the bottom half of the population
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What this question tests
This question is on The Lorenz curve and the Gini coefficient, part of Poverty, inequality and human development in Economics of Growth and Development.
Showing and summarising inequality in a distribution.
TestStop has 19 past-paper questions on this subtopic.
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