One of the main tools used by economists to measure the actual distribution of income in an economy 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 the distribution of income in an economy, which plots the cumulative share of income against the cumulative share of the population. It is a commonly used tool by economists to measure income inequality and to determine the degree of concentration of income among different groups in the economy.

One of the Main Tools Used by Economists to Measure