if the lorenz curve were used to graph the distribution of income in an economy where all households earn the exact same income, the graph would show a

straight line and sloped diagonally downward

curved line and sloped diagonally upward

straight line and sloped diagonally upward

curved line and sloped diagonally downward

In a small, closed economy, national income (gdp) is $350 million for the current year. individuals have spent $100 million on the consumption of goods and services. they have paid a total of $60 million in taxes and the government has spent $75 million on goods and services this year. use this information and the national income identity to answer the questions. how much does the economy spend on investment?