Question
Which of the following statements are correct about the
“Lorenz Curve”? I. The Lorenz curve is a graphical representation of the distribution of income or wealth in a society. II. it represents one of the best and simplest ways to illustrate the level of economic inequality in society. III. As the Lorenz curve moves towards the baseline, the underlying data suggests that the unequal distribution keeps increasing.Solution
The Lorenz curve is a graphical representation of the distribution of income or wealth in a society. it represents one of the best and simplest ways to illustrate the level of economic inequality in society. As the Lorenz curve moves away from the baseline, the underlying data suggests that the unequal distribution keeps increasing.
Who are the primary participants in the Indian money market?
To whom did Aurangzeb send Garhwal to bring Suleman Shikoh, who had taken refuge at Prithvipati's place in Garhwal ?
What is the minimum age at which an individual can start contributing to the Atal Pension Yojana?
.__________ is the minimum age to contest a state legislative Council election.
What is the highest peak in Maharashtra?
Which of the following private sector firm as inked a partnership with Adani Capital to offer customized financial solutions for its customers in the sm...
Which is the fastest transmission media?
Which type of climate does Koeppen's "B" classification represent?
How many drones will grace the Beating the Retreat ceremony on January 29, 2022?
The element used in the manufacture of safety matches is —
Relevant for Exams:
