A Lorenz curve is a curve that shows 0 A, 0 B O C. D. the cumulative fraction of

Question

A Lorenz curve is a curve that shows 0 A, 0 B O C. D. the cumulative fraction of income earned by each fraction of households, while a Gini coefficient is equal to the area between the line of perfect income equality and the Lorenz curve divided by the area under the line of perfect income equality the level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition for housholds of various sizes, while a Gini coefficient is the percentage of the population that is poor according to the Lorenz curve. the cumulative fraction of income earned by each fraction of households, while a Gini coefficient is equal to the area between the poverty line and the Lorenz curve. the level o annual income equal to three times he amount of money necessary to purchase he m a quantity of bod reu ea or adequate nutrition o housholds of various sizes, while a Gini coefficient is a ratio that compares the total income received by the 20 percent of the population with the lowest incomes and the 20 percent with the highest incomes. the cumulative fraction of income earned by each fraction of households, while a Gini coefficient is equal to the area under the line of complete inequality 0 E, If a country had a Gini coefficient of 0.43 in 1960 and 0.44 in 2012, income inequality in the country would have

Explanation / Answer

Option A is correct

Reason

They are measures of inequality and they are defined precisely the way described in the first option.

2> increased

A higher level of gini coeffficients means a higher level of inequality.

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