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A Lorenz curve plots the _____ . A. trend in the cumulative percentage of income received by each quintile against trend in the number of households B. average income received by each quintile against the number of households in the quintile C. percentage of total income received by each quintile against the percentage of households in the quintile D. cumulative percentage of income against the cumulative percentage of households

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Answer: Option D

Explanation: In simple words, it refers to a graph in which total national income is depicted on one axis and the population of households is plotted on the other to evaluate and analyze the relation between the two.

   These graphs are mainly used to depict the income distribution of an economy.

Hence the correct option is D.

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