The transformation of a Lorenz curve into a numerical value is
a. the value of the diagonal minus the value of the two sides of the right angle triangle
b. the sum of the percentages of income for all groups
c. the Lorenz coefficient
d. the Gini coefficient
e. the value of the midpoint on the Lorenz curve
D
Economics
You might also like to view...
_____ is a process in which parties initially in disagreement attempt to reach an agreement
a. Strategic voting b. Negotiation c. Borda count d. Median voting
Economics
Assume Claudia's budget constraint is demonstrated by line A in the graph shown. Which of the following would cause Claudia's budget constraint to shift to line C?
A. Claudia's income increased.
B. Claudia's income decreased.
C. Claudia's preferences for these two goods decreased.
D. The prices of both goods have gone down.
Economics