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Lorenz Curve and Gini Coefficient
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Lorenz Curve and Gini Coefficient
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16. Income Inequality and Poverty / Lorenz Curve and Gini Coefficient / Problem 8
Problem 8
On a Lorenz curve, what does the horizontal axis represent?
A
Cumulative percentage of income.
B
Cumulative percentage of households.
C
Total population size.
D
Average income per household.
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