New Enroll in RBI Grade B New Batch - Starts on May 21

    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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