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In a Lorenz Curve, Perfect Income Equality Is Represented by a Perfectly

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In a Lorenz curve, perfect income equality is represented by a perfectly horizontal line.


Definitions:

Thousandths

A fractional part in a series, representing one part out of a thousand.

Hundred-Thousandths

A decimal fraction represented as one part in a hundred thousand, indicating a very small quantity in precise calculations.

Decimal Point

The period between two numerals.

Multiplication

A basic mathematical operation symbolized by the sign "×", representing the repeated addition of a number by itself a specified number of times.

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