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Question
The Lorenz curve given below shows the distribution of land among the population of a country.
What percentage of the land is owned by the top 40% of the people?
The Lorenz curve given below shows the distribution of land among the population of a country.
What percentage of the land is owned by the top 40% of the people?
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Solution
The correct option is D 80%
From the Lorenz curve, it can be observed that the bottom 60% of the people own 20% of the land. Hence, the top 40% of the people own 80% of the land.
From the Lorenz curve, it can be observed that the bottom 60% of the people own 20% of the land. Hence, the top 40% of the people own 80% of the land.
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