The Lorenz Curve Is Especially Helpful for Seeing How Income

question 41

Multiple Choice

The Lorenz curve is especially helpful for seeing how income inequality

• A) varies in each country.
• B) has changed over time.
• C) reflects the different causational factors.
• D) always decreases in developed economies.
• E) can be resolved through public policy.

---

Definitions:

Childcare

The care, supervision, and nurturing of children, typically performed by someone other than the child's parents or legal guardians.

Mean

The mean is the mathematical average of a set of numbers or measurements, obtained by adding them together and dividing by the number of observations.

Estimator

A guideline or equation that approximates a characteristic of an entire population by analyzing data from a subset of it.

Point Estimate

A single value or statistic that serves as the best guess or estimate of a population parameter based on sample data.