The Lorenz Curve

question 4

Multiple Choice

The Lorenz curve

• A) explains why some households have different incomes.
• B) explains why income is equally distributed.
• C) graphically shows the degree of income inequality.
• D) graphically shows the amount of wealth in a country.

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Definitions:

Same Relatives

Family members who are related to an individual by blood or marriage, emphasizing the repetition or commonality of familial connections.

Kindred

An individual's close blood relatives on the maternal and paternal sides of his or her family.

Mode Of Subsistence

Refers to the means by which a society obtains its food and necessities, such as through hunting and gathering, agriculture, or trade.

Industrialism

An economic and social system characterized by large-scale industry, mechanized manufacturing, and a focus on technological innovation.