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13. The way income is allocated among the population is reflected in the Lorenz curve. A) True B) False 14. In a Lorenz curve, perfect

13. The way income is allocated among the population is reflected in the Lorenz curve. A) True B) False 14. In a Lorenz curve, perfect income equality is represented by a perfectly horizontal line. A) True B) False 15. If the income distribution were perfectly equal, all quintiles of the household distribution of income would receive 20% of aggregate income. A) True B) False 16. The Lorenz curve shows the percentage of Americans that earn below the poverty threshold. A) True B) False

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