The Lorenz curve measures the:

Question

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The Lorenz curve is a graphical representation of income distribution. It shows the cumulative share of total income received by different segments of the population, ranked by their income levels. The curve helps to measure the degree of inequality in a society, and to compare the distribution of income across different countries or over time. It does not directly measure the effectiveness of government transfer payments or the impact of welfare on family incomes, although these factors can influence income distribution and thus affect the shape of the Lorenz curve.

The Lorenz Curve Measures The