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Andrej [43]
3 years ago
12

What does the Lorenz curve show?

Business
2 answers:
Alex787 [66]3 years ago
5 0

Answer:

Lorenz curve shows<u><em> income distribution </em></u>(D)

Explanation:

GalinKa [24]3 years ago
3 0

Lorenz curve shows income distribution, hence the correct answer is (D).

Explanation: Lorenz curve is the graphical distribution of the income distribution or wealth distribution. It is also known as probability plot. It has a line of equality (always 45 degrees) which depicts the fair means of income distribution and data when plotted on the curve tells that how much inequality prevails. Horizontal axis shows the increasing share of population and vertical axis shows the increasing percentage of total income received.

jh

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