True or false (explanation needed) top 25% of land owners in Country B own twice as much land as the top 25% of land owners in Country A

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter8: Market Failure
Section: Chapter Questions
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True or false (explanation needed)

top 25% of land owners in Country B own twice as much land as the top 25% of land owners in Country A

Figure 1. Lorenz Curves for Land Distribution
100%
90%
80%
70%
Country A
60%
50%
(Country B
40%
30%
20%
10%
0%
0%
25%
50%
75%
100%
Cumulative % of Population
Cumulative % of Land
Transcribed Image Text:Figure 1. Lorenz Curves for Land Distribution 100% 90% 80% 70% Country A 60% 50% (Country B 40% 30% 20% 10% 0% 0% 25% 50% 75% 100% Cumulative % of Population Cumulative % of Land
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