Question

Ask Your Teacher What does a Lorenz curve measure? property values adult literacy tax rates income distribution What does a GINI index measure? birth rate participation in national elections income inequality military power Which of the following statements about a Lorenz curve y = L(x) are true? (Select all that apply.) L(0) = 0. The Gini index equals . y = L(x) is an increasing function. L(1) = 0. x ≥ L(x) for all x.

Answer 1

Answer:

Correct options are given below.

Step-by-step explanation:

For the statement 1,

1. Correct option is income distribution

For the statement 2,

2. Correct option is income inequality

For the statement 3,

3. Correct answers are: option 2,3 and 5