Economics · Statistical Methods in Economics

Which graphical method is widely used to represent and measure the inequalities in the distribution of wealth and income?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Offer curve
2Indifference curve
3Ogive curve
4Lorenz curve✓

Correct answer

Lorenz curve

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Which graphical method is widely used to represent and measure the inequalities in the distribution of wealth and income?

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Which graphical method is widely used to represent and measure the inequalities in the distribution of wealth and income?

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