The 45° line on a Lorenz curve represents

Name: The 45° line on a Lorenz curve represents
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The 45° line on a Lorenz curve represents complete income equality, where the cumulative share of income earned by a given proportion of the population is equal to that proportion of the population. Any deviation from the 45° line represents income inequality, where the cumulative share of income earned by a given proportion of the population is greater or less than that proportion of the population.

The 45° Line on a Lorenz Curve Represents