The Lorenz Curve Is

question 15

Multiple Choice

The Lorenz Curve is

• A)a curve that shows the percertage of total household incomes received successively larger fractions of the population,starting with the poorest group.
• B)a curve tha tshows the area between the Gini Curve and line OE,divided by OEZ.
• C)Both A and B
• D)Neither A nor B

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Definitions:

Per-capita GNI

The gross national income of a country divided by its population, reflecting the average income of its citizens.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a given time period.

Agriculture Production

Refers to the process of producing food, fiber, and other desired products by the cultivation of certain plants and the raising of domesticated animals (livestock).

Remittances

amounts of money sent by migrants to their home country, often serving as a significant source of family and national income in many countries.