As a Tool That Is Used to Measure Inequality in the Distribution

question 159

Multiple Choice

As a tool that is used to measure inequality in the distribution of income,the Lorenz curve graphs

• A) the cumulative percentage of money income against the cumulative percentage of households.
• B) the percentage of total money income received by each given percentage of households.
• C) the mean income, median income, and mode income against the percentage of households.
• D) the mean money income received by households over time.
• E) the cumulative percentage of money income against the mean and median money income.

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Definitions:

Fraction

A mathematical expression representing a part of a whole, displayed as a numerator over a denominator.

Percentage

A numerical value representing a part of 100, signaled by a fraction or ratio.

Subtract

To take away a number or amount from another, leaving a difference.

Least Common Denominator

The smallest common multiple of the denominators of two or more fractions, used in addition and subtraction of fractions.