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Question : Lorenz curve shows:

Option 1: Inflation

Option 2: Unemployment

Option 3: Income distribution

Option 4: Poverty


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Income distribution


Solution : The correct answer is Income distribution .

Percentiles of the population are plotted on Lorenz curves along with the total wealth or income of those who fall within that percentile, or above it. The Lorenz curve illustrates how unequally people are paid in a given economy or population. The Lorenz curve's derived Gini coefficient is the most commonly used indicator of income inequality in a society.

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