Could functional distribution of income also be a correct an

Could functional distribution of income also be a correct answer for the Lorenz curve?

Solution

Lorenz curve is a graphical distribution of income or of wealth

It is often used to represent income distribution where it shows for botton x% of households and what y% income they have.

Functional distribution of income can be a solution because it increases the equality among the group of people. It is different than distribution of personal income.

Could functional distribution of income also be a correct answer for the Lorenz curve?SolutionLorenz curve is a graphical distribution of income or of wealth It

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site