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Which of the following statements regarding the Lorenz curve is FALSE?

fudger

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Which of the following statements regarding the Lorenz curve is FALSE?

Which of the following statements regarding the Lorenz curve is FALSE?
A) A Lorenz curve is a geometric representation of the distribution of income.
B) A Lorenz curve that is perfectly straight represents complete income equality.
C) The less bowed is a Lorenz curve, the less equally income is distributed.
D) The more bowed is a Lorenz curve, the more unequally income is distributed.

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Economics Today: The Micro View

Economics Today: The Micro View

Edition: 19^th

Author: Miller

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fudger Author

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You are really a genius. Thanks

riptide

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NP

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