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12.4 Income inequality: measurement and causes  (Page 19/20)

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  • Card 19 / 20:
    Lorenz curve

    a graph that compares the cumulative income actually received to a perfectly equal distribution of income; it shows the share of population on the horizontal axis and the cumulative percentage of total income received on the vertical axis

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Practice FlashCards 13 Key Terms 2

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Source:  OpenStax, University of houston downtown: microeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11651/1.2
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