Lorenz curves are

Question

Lorenz curves are

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Lorenz curves are graphical representations of income or wealth distribution, showing the proportion of the total income of a population that is cumulatively earned by the bottom x% of the population. They are upward sloping, starting at the origin (0,0) and curving towards the point (1,1), where 100% of the population holds 100% of the income. The curve typically bows away from the diagonal line (which represents perfect equality), illustrating the degree of income inequality.

Lorenz Curves Are