Examlex
With respect to the online contracts, which of the following statements is true?
Lorenz Curve
A curve showing the distribution of income in an economy. The cumulated percentage of families (income receivers) is measured along the horizontal axis and the cumulated percentage of income is measured along the vertical axis.
Income
Income is the money received by an individual or business in exchange for labor, services, or investment, usually measured over a specific period like a month or a year.
Household Spending
The total expenditure by household members on goods and services for their own use.
Personal Incomes
The total annual income received by an individual from all sources before taxes.
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