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0/1 pts If the area between the Lorenz Curve and the perfect inequality line is larger in country Y than in country Z the following are ALWAYS true (NOTE: choose all that apply) The area A in the Figure of slide 9 is smaller for country Y than for country Z The share of poor people is larger in country Y than in country Z Inequality is higher in country Z Inequality is higher in country Y
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The options 2 and 4 are correct. If the Lorenz curve is farther from the line of perfect inequality for Y then the share of poor people will be higher in Y as compared to Z. The inequality will also be higher in Y. The farther is the Lorenz curve from the line of perfect inequality the more is the inequality in the country.

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