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Which of the following is represented by...

Which of the following is represented by 'Lorenz Curve'?

A

Employment

B

Inflation

C

Deflation

D

Income distribution

Text Solution

Verified by Experts

The correct Answer is:
D
In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. The graphplots percentiles of the population according to income or wealth on the horizontal axis. It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution.
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