The area between the Lorenz curve of a country andthe diagonal of perfect equality represents:O A.the area of equality.ОВ.the area of inequality.C.The Gini coefficient.O D.The quantile ratio.O E.the cumulative percentage of the population.

In economics, Lorenz curve is an economic measure to graphically represent the inequality among…

The area between the Lorenz curve of a country and the diagonal of perfect equality represents: ОА. the area of equality. ОВ. the area of inequality. The Gini coefficient. D. The quantile ratio. O E. the cumulative percentage of the population.

The area between the Lorenz curve of a country and the diagonal of perfect equality represents: ОА. the area of equality. ОВ. the area of inequality. The Gini coefficient. D. The quantile ratio. O E. the cumulative percentage of the population.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 12SCQ: Which set of policies is more likely to cause a tradeoff between economic output and equality:...

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