A curve showing the distribution of income in an economy___________________?
Correct answer: A. Lorenz curve
- A. Lorenz curve
- B. Indifference curve
- C. Income budget line
- D. Investment damage curve
Explanation
The Lorenz curve displays the actual distribution of income or wealth by comparing cumulative population with cumulative income. An indifference curve instead shows combinations of goods giving equal satisfaction to a consumer.
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