Question

What does the Lorenz Curve demonstrate?

Answer 1

A Lorenz curve is a graphical representation of the distribution of income or wealth within a population. Lorenz curves graph percentiles of the population against cumulative income or wealth of people at or below that percentile.

Answer 2

Answer:

A Lorenz curve is a graphical representation of the distribution of income or wealth within a population. Lorenz curves graph percentiles of the population against cumulative income or wealth of people at or below that percentile.

Explanation:

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