Current Affairs

GK MCQs Section
Q. Which of the following is represented by 'Lorenz Curve'?
Answer: Income Distribution
Notes: In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution.

This Question is Also Available in:

हिन्दी

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app.

Question Number: 44 in 1. Important Concepts in Micro & Macroeconomics in above course in App.