The Lorenz Curve Maps

question 37

Multiple Choice

The Lorenz curve maps:

• A) the cumulative percentage of the population against the cumulative percentage of income earned by those people.
• B) each quintile of the population in order of income-earned against the average income earned by those people.
• C) GDP per capita against what people really earn by quintile.
• D) None of these describes what the Lorenz curve maps.

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Definitions:

Stand-Alone Location

A business that is located in its own separate premises, rather than within a shared space or complex.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Anchor Stores

Large retail stores, usually department stores or supermarket chains, that serve as the primary draw to a shopping mall or shopping center.

Department Stores

Large retail establishments that offer a wide variety of goods divided into departments for shoppers' convenience.