If all households in a nation receive the same income, the nation's Lorenz curve would:
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UoH 2014 Question 6: Poverty, inequality and human development
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If all households in a nation receive the same income, the nation's Lorenz curve would: (A) Be vertical (B) Be horizontal (C) Be a 45^∘ line (D) Be a 60^∘ line
Poverty, inequality and human development has come up 92 times in 7 exams since 2010.
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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