Incomes in China and India are a small fraction of incomes in the United States. But incomes in China and India are growing more quickly those in the United States.
Draw the world Lorenz curve before the growth in income in China and India. Label it Before.
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Draw the world Lorenz curve after the growth in income in China and India. Label it After. Inequality between the people in China and India and the people in the United States is
OA. staying relatively constant
OB. increasing in some years and decreasing in other years
C. increasing
D. decreasing
Cumulative percentage of income
Q
100-
Q
80-
5
60-
40-
20-
20
60
80
100
40 Cumulative percentage of households.
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