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Questions › JNU › JNU SIS 2016 › Q15
2 marks, −1Economics of Growth and Development › Poverty, inequality and human development › The Lorenz curve and the Gini coefficientEasyabout 1 min

JNU SIS 2016 Question 15: Poverty, inequality and human development

According to the graph given below, which of the following statements is true?

Lorenz curve diagram: the horizontal axis is 'Percent of households' from 0% to 100% (ticks at 0%, 20%, 40%, 60%, 80%, 100%, drawn with spacing that narrows toward the right) and the vertical axis is 'Percent of income' from 0·00% to 100·00% (ticks every 20%). A straight diagonal line of equality runs from the origin to the top-right corner F (100%, 100%), and below it a convex Lorenz curve runs from the origin through labelled points A (20% of households, about 5% of income), B (40%, about 12%), C (60%, about 26%), D (80%, about 49%) and E (about 90% of households, about 74%) up to F, sagging well below the diagonal.
Lorenz curve diagram: the horizontal axis is 'Percent of households' from 0% to 100% (ticks at 0%, 20%, 40%, 60%, 80%, 100%, drawn with spacing that narrows toward the right) and the vertical axis is 'Percent of income' from 0·00% to 100·00% (ticks every 20%). A straight diagonal line of equality runs from the origin to the top-right corner F (100%, 100%), and below it a convex Lorenz curve runs from the origin through labelled points A (20% of households, about 5% of income), B (40%, about 12%), C (60%, about 26%), D (80%, about 49%) and E (about 90% of households, about 74%) up to F, sagging well below the diagonal.

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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.

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Question from the JNU SIS 2016 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.