True/False/Explain - Part of the discussion we have about how to allocate tax dollars involves a debate over how much money we believe should be dedicated to those in need. This requires that we have an understanding of the income distribution, especially those in poverty.

True or False (and explain): When the Lorenz Curve is a straight diagonal line (at 45 degrees), we have complete equality in the income distribution and the Gini Coefficient will be exactly equal to 1.

Please explain both answer