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3.3.2 measuring income and wealth inequality

What does the horizontal axis of a Lorenz curve show?

A

Cumulative percentage of the population, ranked from richest to poorest.

B

Cumulative percentage of the population, ranked from poorest to richest.

C

Percentage change in population, ranked from poorest to richest.

D

Cumulative percentage of total income, ranked from poorest to richest.

3.3.2 measuring income and wealth inequality Flashcards

  1. Intl A Level
  2. /Economics
  3. /3.3.2 measuring income and wealth inequality

25 flashcards on CIE Intl A Level Economics 3.3.2 measuring income and wealth inequality: the key terms and definitions you need to recall.