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drewster127 drewster127
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5 years ago
A straight-line Lorenz curve shows

• a greater than proportionate share of income going to middle-income households.

• a high incidence of absolute poverty.

• a highly unequal distribution of income.

• an equal distribution of money income.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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vande746vande746
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drewster127 Author
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5 years ago
Helps a lot... Now I'm ready for my quiz
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