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following Lorenz curves. Lorenz Curve for country A. The y axis is labeled cumulative proportion of income, the x axis is labeled cumulative proportion of
following Lorenz curves. Lorenz Curve for country A. The y axis is labeled cumulative proportion of income, the x axis is labeled cumulative proportion of population. Lorenz Curve A has the first 2 portions of the population close to the 45 degree line. The next two are farther away and the highest 20% of the population is on the line. It has the larger banana. Lorenz Curve for country B. The y axis is labeled cumulative proportion of income, the x axis is labeled cumulative proportion of population. Lorenz Curve B has all 5 portions of the population close to the 45 degree line. It has the smaller banana. Country A Country B Which of the following is true regarding these Lorenz curves? Group of answer choices Income inequality is greater for Country B. Income inequality is greater for Country A. Population growth is higher for Country A. Income equality is about the same for both countries
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