One of the main tools used by economists to measure the actual distribution of income is
A)the Lorenz curve
B)the Golden Rule
C)the MR = MC rule
D)the MRP = MRC rule
E)the capital / labor ratio

Question

Quizplus · Accepted Answer

The Lorenz curve is a graphical representation of income distribution which compares the cumulative percentage of income against the cumulative percentage of the population. This tool is commonly used by economists to measure income inequality and the actual distribution of income in a given society or country.

One of the Main Tools Used by Economists to Measure