The curve which is used to measure income inequality is
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The area between the straight line and the curved line, expressed as a ratio of the area under the straight line, is the Gini coefficient, a measurement of inequality. While the Lorenz curve is most often used to represent economic inequality, it can also demonstrate unequal distribution in any system
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Explanation:
The area between the straight line and the curved line, expressed as a ratio of the area under the straight line, is the Gini coefficient, a measurement of inequality. While the Lorenz curve is most often used to represent economic inequality, it can also demonstrate unequal distribution in any system
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