Refer to the 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 all 5 portions of the population close to the 45 degree line. It has the smaller 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 C has all 3 portions of the population closer to the x axis and the final two closer to the 45 degree line. It has the larger banana. Country A Country B Which of the following is true regarding these Lorenz curves?
a. Population growth is higher for Country A.
b. Income equality is about the same for both countries.
c. Income inequality is greater for Country B.
d. Income inequality is greater in Country A.
