Question
Which statement below is correct about the Lorenz curve? It is a curve that shows the share of income received by each group of people
Which statement below is correct about the Lorenz curve?
It is a curve that shows the share of income received by each group of people in an economy.
It coincides with the 45-degree line when inequality is at the maximum.
It was developed in the early 2000s as an objective measure of inequality.
It is always upward sloping.
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Experimental Econophysics Properties And Mechanisms Of Laboratory Markets
Authors: Ji Ping Huang
1st Edition
3662442345, 9783662442340
