The Lorenz Curve Is a Geometric Representation of

question 114

Multiple Choice

The Lorenz curve is a geometric representation of

• A) the profile of earnings for a "typical" family over time.
• B) the standard of living experienced by the poor in a country.
• C) the difference between pre-tax and post-tax income.
• D) the distribution of income.

---

Definitions:

Endorsement

An act of giving one's public approval or support to someone or something, or in finance, the signature on the back of a check necessary for its negotiation.

Alteration

Any change or modification made to something, often referring to adjustments in clothing or documents.

Obligation

An obligation is a legal or moral duty to do or not do something.

Kenya Communications Act

Legislation governing telecommunications and broadcasting services in Kenya, aimed at facilitating the development of the information and communications sector.