Economics MCQs

Economics - Lorenz Curve Questions with solutions MCQs

1. What does the Lorenz curve represent?

A

Taxable income elasticity

B

Relationship between the price of a certain commodity and its demand

C

Income distribution

D

Rate of employment

Economics - Lorenz Curve Account Ast. 2024
Correct Answer : C
Explanation :

Lorenz curve shows the distribution of income or wealth within an economy.

Correct Answered :

Wrong Answered :

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