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Lorenz Curve and Kuznets Curve
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The Lorenz Curve is a graphical representation of:
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A
The relationship between income and inequality.
💡 Explanation:
The Lorenz Curve shows the cumulative distribution of income, with the poorest households on the left and the richest households on the right. The more unequal the income distribution, the further the Lorenz Curve will be from the line of perfect equality.