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.
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.
Select the most appropriate meaning of the given idiom.
Cat and dog life
to let your freak flag fly
lame duck
After hearing about the company's closure, the news of a minor bonus was no cold comfort.
The traffic came to a standstill after the heavy downpour of rain.
Select the most appropriate meaning of the given idiom
Go down like a lead balloon
The boss examined my report with a fine tooth comb before submitting it to the senior management.
...Palm off
When the detective pointed out the smallest detail that connected all the evidence together, he hit the nail on the head and uncovered the true identi...
"Despite the challenges, Lisa managed to keep her chin up ."
