Answered: Explain how the Lorenz curve is used as…

Explain how the Lorenz curve is used as a measure of Income Distribution. Is this a good tool? Why or why not? kindly don't give me a long answer.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter15: The Distribution Of Income And Poverty

Section: Chapter Questions

Problem 2WNG

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Explain how the Lorenz curve is used as a
measure of Income Distribution. Is this a good
tool? Why or why not?
kindly don't give me a long answer.

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