Which of the following is NOT a true statement about the Lorenz curve?

Question

Quizplus · Accepted Answer

The Lorenz curve primarily focuses on the distribution of income or wealth within a society, but it typically does not explicitly include income in kind (non-monetary income such as goods or services received). Instead, it often focuses on monetary income, which can be more straightforwardly measured and compared. Income in kind is more challenging to quantify and compare across different contexts, which is why it's not typically included in the Lorenz curve analysis.

Which of the Following Is NOT a True Statement About