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wrote...
Posts: 148
2 months ago
Draw and explain a Lorenz curve.
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Economics Today: The Micro View
Edition: 19th
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2 months ago
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In the above figure, the curve displaying the actual money income distribution is the Lorenz curve. The farther the Lorenz curve is from the 45-degree line that shows what the curve would be if money income were equally distributed, the more unequal is the actual distribution of income.
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2 months ago
You make an excellent tutor!
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