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3 years ago

What does the Lorenz curve measure in the economy?

Mathematics

2 answers:

AnnZ [28]3 years ago

8 0

Answer:

a graphical representation of the distribution of income or of wealth.

Ymorist [56]3 years ago

5 0

The correct answer on Edgen is:

It illustrates income distribution. In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution. The curve is a graph showing the proportion of overall income or wealth assumed by the bottom x% of the people, although this is not rigorously true for a finite population.

I just answered this question and this is the right answer.

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(20 Points) Perform the indicated operations.

JulijaS [17]

Answer:

5x-8/12y

Step-by-step explanation:

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3 years ago

I really don't understand this.

prohojiy [21]

Answer:

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Step-by-step explanation:

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2 years ago

How do you workout 7x-19<16

laila [671]

Answer:

To work this problem out you would do it as if it were just a simple equation

7x-19<16 (you would first have to add 19 to both sides)

7x<35 (then you would divide by 7 to get the variable by itself)

x<5 ( you answer would then be 5)

Step-by-step explanation:

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2 years ago

How to draw a graph your cost c to buy w pounds of walnuts at 6$\lb is represented by c =6w

Triss [41]

Y = 6x put it in a graphic calculator or go to desmos.com

7 0

2 years ago

Choose the correct equation for the line shown on the graph?

fomenos

Answer:

y=-1/4x-1

How to find the slope

To find the slope of the line you need to do the change in y/change in x. This is also known as the rise/run. To do this you count the spaces in between the two points.

In this graph the change in y (rise) is 2. The change in x (run) is 8. Since the line is going down they are negative. The rise/run is -2/8. This can be simplified to -1/4.

Slope: -1/4x

How to find the y-intercept

To find the y-intercept, you need to look at where the line crosses y.

In this graph the line crosses y at -1.

Y-intercept: -1

Final equation: -1/4x-1

3 0

2 years ago