A Lorenz curve:

starts above the straight line sloping up at a $45$ angle and then ends below this line.

lies below the straight line sloping up at a $45$ angle.

starts below the straight line sloping up at a $45$ angle and then ends above this line.

lies above the straight line sloping up at a $45$ angle.

is identical to the straight line sloping up at a $45$ angle. lies above the straight line sloping up at a $45$ angle.

If all households in a nation receive the same income, the nation's Lorenz curve:

is a $45$ line.

is vertical.

runs along the horizontal axis until it reaches $50$ percent of households and then runs vertically up to $100$ percent of income.

runs along the horizontal axis until it reaches $100$ percent of households and then runs vertically up to $100$ percent of income.

is horizontal.

If all households in a nation receive the same income, the nation's Lorenz curve:

is a $45$ line.

is vertical.

runs along the horizontal axis until it reaches $50$ percent of households and then runs vertically up to $100$ percent of income.

runs along the horizontal axis until it reaches $100$ percent of households and then runs vertically up to $100$ percent of income.

is horizontal.

If all households in a nation receive the same income, the nation's Lorenz curve:

is a $45$ line.

is vertical.

runs along the horizontal axis until it reaches $50$ percent of households and then runs vertically up to $100$ percent of income.

runs along the horizontal axis until it reaches $100$ percent of households and then runs vertically up to $100$ percent of income.

is horizontal.

If all households in a nation receive the same income, the nation's Lorenz curve:

is a $45$ line.

is vertical.

runs along the horizontal axis until it reaches $50$ percent of households and then runs vertically up to $100$ percent of income.

runs along the horizontal axis until it reaches $100$ percent of households and then runs vertically up to $100$ percent of income.

is horizontal.