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77julia77 [94]
3 years ago
11

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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---------------------</span>
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