Question

Study the Lorenz curve and answer the following question.



The top 20 percent of the population controls as much wealth as the bottom ___ percent of the population.

• A. 30%
• B. 50%
• C. 60%
• D. 80%

Answer 1

The correct option is C

60%

From the Lorenz curve, it can be observed that the top 20% of the population controls 40% of the wealth which is equal to the wealth controlled by the bottom 60% of the population.