Why Might a Lorenz Curve Provide a Suitable Way to Compare

question 5

Multiple Choice

Why might a Lorenz curve provide a suitable way to compare the distribution of wealth in the UK, US and Japan?

• A) It can be used to compare multiple variables at the same time
• B) It can be used to show how a variable is shared amongst subjects in a population
• C) It can be used to illustrate the rate of change of a variable through time
• D) It can be used to evaluate distribution of variables in different sized classes

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Definitions:

Sole Survivor

The only remaining person after an event that causes death or disappearance to all others involved, often used in the context of accidents or disasters.

Best Evidence Rule

The legal rule that holds that the courts generally accept into evidence only the original of a writing, not a copy.

Photocopy

A reproduction of a document or image created by a machine that uses light to produce an exact copy on paper.

Oral Statements

Spoken words or verbal expressions used in communication, lacking a written or tangible form, which may have legal significance in contracts or testimony.