Question

How is a Lorenz curve used to represent a​ nation's income​ distribution? A. The more bowed the curve the more unequal the distribution of income over​ one's lifetime B. The more bowed the curve the more equal the distribution of income. C. The closer the Lorenz curve is to a straight​ line, the more unequal the distribution of income. D. The closer the Lorenz curve is to a straight​ line, the more equal the distribution of income.

Answer 1

D. The closer the Lorenz curve is to a straight​ line, the more equal the distribution of income.

Step-by-step explanation:

Lorenz curve, a curve often used in socioeconomics, is a curve that depicts the level or state of the wealth or income distribution in a given society, country, or economy.

The curve in its attempt to depicts the nation's income distribution indicates that the closer a straight​ line, the more equal the distribution of income and vice versa.

Hence, the correct answer is Option D