Other measures Flashcards
1
Q
What are other measures of macroeconomy?
A
- Environmental suistanbility
- inequality
- living standards
2
Q
How can we measure inequality?
A
The Lorenz curve - the poorest 20% will gain 20% of available income
3
Q
What does the lorenz curve show
A
the closer the curve is to the line, the less e=inequality there is
