"If the Distribution of Income Was Equal, the Lorenz Curve

question 132

Short Answer

"If the distribution of income was equal, the Lorenz curve would be a straight, 45° line." Is the previous statement or in?

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Definitions:

Facts And Figures

Quantifiable data and statistical information used to support arguments, make decisions, or present information in a clear and concise manner.

Newly Collected

Recently gathered information or data that has not been previously recorded or analyzed.

Primary And Secondary

A classification in research and data collection distinguishing between directly obtained information (primary) and previously collected or indirectly obtained information (secondary).

Data Types

Refers to the classification of data based on its nature and the type of information it represents, such as numerical, textual, or binary.