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Consider two hypothetical countries X and Y. In the following graph, the income distribution of country X is described by the Lorenz curve that is
Consider two hypothetical countries X and Y. In the following graph, the income distribution of country X is described by the Lorenz curve that is represented by the solid line between area A and area B; the income distribution of country Y is described by the Lorenz curve that is represented by the dashed line between area B and area C.Which country has a more equal distribution of income?
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