ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does the Lorenz Curve illustrate?
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inequality
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perfect equality
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almost perfect equality
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None of the above
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Explanation:
Detailed explanation-1: -A Lorenz curve is a graphical representation of income inequality or wealth inequality. The graph plots percentiles of the population on the horizontal axis according to income or wealth.
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