Lorenz Curve A curve illustrating the degree of equality of income distribution in an economy. It plots the cumulative percentage of income received by cumulative shares of the population. Where do we fare as a country on the Lorenz curve and what does it say about South Africa’s income distribution
Lorenz Curve A curve illustrating the degree of equality of income distribution in an economy. It plots the cumulative percentage of income received by cumulative shares of the population. Where do we fare as a country on the Lorenz curve and what does it say about South Africa’s income distribution
Chapter12: Income Distribution, Poverty, And Discrimination
Section: Chapter Questions
Problem 1SQP
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Q8.2)
Lorenz Curve
A curve illustrating the degree of equality of income distribution in an economy. It plots the
cumulative percentage of income received by cumulative shares of the population. Where do
we fare as a country on the Lorenz curve and what does it say about South Africa’s income
distribution
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