ECONOMICS
INCOME DISTRIBUTION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The further the Lorenze curve is from the line of income equality, the ____
|
|
greater income inequality is.
|
|
|
lower income inequality is.
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -The Lorenz curve is used to represent economic inequality as well as unequal wealth distribution. The farther away the curved line is way from the straight diagonal line, the higher the level of inequality.
There is 1 question to complete.