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Which statement is true concerning ATP?
Income Inequality
The unequal distribution of household or individual income across the various participants in an economy, leading to various economic and social issues.
Lorenz Curve
A graphical representation of income or wealth distribution within a society, showing the proportion of the total income earned by various segments of the population.
Distribution Of Income
Distribution of income refers to the way in which a nation’s total income is distributed among its population, affecting economic inequality.
Gini Ratio
A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality), indicating how wealth or income is distributed.
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