Study the Lorenz curve and identify the correct statement(s).

Top 20% of the employees earn more than 60% of the wages

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Bottom 60% of the employees earn less than 20% of the wages

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More than 50% of the wages are earned by bottom 25% of the employees

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Top 10% of the employees earn less than 30% of the wages

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Solution

The correct options are
A
Top 20% of the employees earn more than 60% of the wages

B
Bottom 60% of the employees earn less than 20% of the wages

From the graph it can be seen that (a) and (b) are correct but (c) and (d) are incorrect.

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Study the Lorenz curve and identify the correct statement(s).

The correct options are A Top 20% of the employees earn more than 60% of the wages B Bottom 60% of the employees earn less than 20% of the wages From the graph it can be seen that (a) and (b) are correct but (c) and (d) are incorrect.

The correct options are
A
Top 20% of the employees earn more than 60% of the wages

B
Bottom 60% of the employees earn less than 20% of the wages

From the graph it can be seen that (a) and (b) are correct but (c) and (d) are incorrect.