Consider the following Lorenz curve for two countries Which of the following inference can be drawn ...........

Economic Affairs Planning in India

Consider the following Lorenz curve for two countries

Which of the following inference can be drawn from the study of the following curve?

Country 1 has more inequality in income distribution as compared to Country 2

Country 2 has more inequality in income distribution as compared to Country 1

Both the countries have same levels of inequality

The given curve reveals nothing about the income inequality of the two countries

the farther the curve is from the line of perfect equality, more unequal is the income distribution in the country

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