Multiple Choice
As a tool that is used to measure inequality in the distribution of income,the Lorenz curve graphs
A) the cumulative percentage of money income against the cumulative percentage of households.
B) the percentage of total money income received by each given percentage of households.
C) the mean income, median income, and mode income against the percentage of households.
D) the mean money income received by households over time.
E) the cumulative percentage of money income against the mean and median money income.
Correct Answer:
Verified
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