The area between the Lorenz curve of a country andthe diagonal of perfect equality represents:O A.the area of equality.ОВ.the area of inequality.C.The Gini coefficient.O D.The quantile ratio.O E.the cumulative percentage of the population.

In economics, Lorenz curve is an economic measure to graphically represent the inequality among…

Answered: The area between the Lorenz curve of a…

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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The area between the Lorenz curve of a country and the diagonal of perfect equality represents: ОА. the area of equality. ОВ. the area of inequality. The Gini coefficient. D. The quantile ratio. O E. the cumulative percentage of the population.