Lorenz curves supposedly reflect the disparities of standards of living among people living in a society but they cannot take into account factors that can greatly affect the disparities. Among them are all the following except

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Lorenz curves specifically measure income or wealth distribution within a society and do not directly account for factors like public housing, healthcare, education, or social security programs, which can affect living standards. However, the size of the population does not directly affect the disparities shown by the Lorenz curve; it's the distribution of income or wealth across that population that the curve illustrates.

Lorenz Curves Supposedly Reflect the Disparities of Standards of Living