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      Question

      The Lorenz curve is used to display which of the

      following?
      A Inflation Correct Answer Incorrect Answer
      B Unemployment Correct Answer Incorrect Answer
      C Income distribution Correct Answer Incorrect Answer
      D Poverty Correct Answer Incorrect Answer

      Solution

      The Lorenz curve, conceived by economist Max Lorenz in 1905, graphically represents the inequality of income or wealth within a population, illustrating the cumulative distribution of income among ordered individuals or households.

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