A Lorenz curve refers to a graphic illustration of the cumulative share of population on the and the cumulative percentage of total income received on the .

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31-05-2022
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A Lorenz curve refers to a graphic illustration of the cumulative share of population on the and the cumulative percentage of total income received on the .

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ogorwyne ogorwyne · Answer 1 · 2022-06-06T18:53:41+02:00

The Lorenz curve refers to a graphic illustration of the cumulative shares of population on the horizontal axis and the cumulative percentage of total income received on the vertical axis.

What is the Lorenz curve?

This is a curve that is used to show the wealth distribution that is evident in a population.

It shows wealth by showing the cumulative percentage of income that is existent in the given population.

A Lorenz curve refers to a graphic illustration of the cumulative share of population on the ________ and the cumulative percentage of total income received on the ________ .

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What is the Lorenz curve?

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A Lorenz curve refers to a graphic illustration of the cumulative share of population on the and the cumulative percentage of total income received on the .