Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / The Lorenz curve focuses on (a) production

The Lorenz curve focuses on (a) production

Economics

The Lorenz curve focuses on

(a) production.

(b) consumption.

(c) relative inequality.

(d) absolute inequality.

(e) inflation.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

The Lorenz curve focuses on (c) relative inequality. The Lorenz Curve is a graphical representation of the cumulative share of people from lowest to highest incomes versus the cumulative share of income earned. The larger the gap between the curve and the 45 degree line, the larger the inequality.