Which of the following summarises the information provided by a Lorenz curve?
A) the Lorenz coefficient
B) the income distribution ratio
C) the Gini coefficient
D) the slope (the rise divided by the run) of the Lorenz curve at a particular point on the curve
Correct Answer:
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Q103: Figure 16.7 Q106: A Lorenz curve summarises the information provided Q107: Figure 16.6 Q115: Figure 16.6 Q116: Holding all other factors constant, income earned Q222: A Gini coefficient of _ means that Q225: As a group, people with high incomes Q235: What does a Lorenz curve illustrate? Q252: What is the difference between the poverty Q258: Describe the main factors economists believe cause Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)a comparison
