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  • Created by: JazzJoker
  • Created on: 02-05-19 08:52

lorenz curve

The lorenz curve is a graph the represents the "distribution of income" (wealth) of the people in a country. The graph shows the proprotion of overall income or wealth assumed by the bottom % of people. A Lorenz curve statement would be "the bottom 20% of all households share 10% of the total income" Here is an example of an Lorenz curve.

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