A Lorenz curve is used for showing the concentration of ownership of economic quantities such as wealth and income. The following Lorenz Curve shows the distribution of national income among the total population. It shows what percentage of the population the percentages of wealth of distribute to.
Tuesday, December 2, 2008
Lorenz Curve
A Lorenz curve is used for showing the concentration of ownership of economic quantities such as wealth and income. The following Lorenz Curve shows the distribution of national income among the total population. It shows what percentage of the population the percentages of wealth of distribute to.
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