Thursday, July 31, 2014

Lorenz curve

http://www.worldbank.org/depweb/english/beyond/global/chapter5.html


To measure income inequality in a country and compare this phenomenon among countries more accurately, economists use Lorenz curves and Gini indexes. A Lorenz curve plots the cumulative percentages of total income received against the cumulative percentages of recipients, starting with the poorest individual or household

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