In the context of macroeconomics, the Lorenz curve is used to measure (a) the extent of female labour force participation (b) the degree of Income inequality (c) the rate of unemployment in an economy (d) the rate of Inflation
In the context of macroeconomics, the Lorenz curve is used to measure (a) the extent of female labour force participation (b) the degree of Income inequality (c) the rate of unemployment in an economy (d) the rate of Inflation
In the context of macroeconomics, the Lorenz curve is used to measure (a) the extent of female labour force participation (b) the degree of Income inequality (c) the rate of unemployment in an economy (d) the rate of Inflation
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In the context of macroeconomics, the Lorenz curve is used to measure
(a) the extent of female labour force participation
(b) the degree of Income inequality
(c) the rate of unemployment in an economy
(d) the rate of Inflation
Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.
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