Lorenz curve Flashcards
1
Q
What doe the Lorenz curve show
A
Shows inequality in graph form
2
Q
Perfect equality will be a ………….. line
A
straight the more the line bends the more unequal
3
Q
Lorenz curve uses ratio advantage what is this
A
By dividing a paticulars group share of national income by its percentage of its total population a ratio advantage can be calculated
