Ask Your Teacher What does a Lorenz curve measure? property values adult literacy tax rates income distribution What does a GINI index measure? birth rate participation in national elections income inequality military power Which of the following statements about a Lorenz curve y = L (x) are true? (Select all that apply.) L (0) = 0. The Gini index equals. y = L (x) is an increasing function. L (1) = 0. x ≥ L (x) for all x.

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Susan

Mathematics

20 February, 10:36

Ask Your Teacher What does a Lorenz curve measure? property values adult literacy tax rates income distribution What does a GINI index measure? birth rate participation in national elections income inequality military power Which of the following statements about a Lorenz curve y = L (x) are true? (Select all that apply.) L (0) = 0. The Gini index equals. y = L (x) is an increasing function. L (1) = 0. x ≥ L (x) for all x.

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Answers (1)

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Chandler Ross · Answer 1

Correct options are given below.

Step-by-step explanation:

For the statement 1,

1. Correct option is income distribution

For the statement 2,

2. Correct option is income inequality

For the statement 3,

3. Correct answers are: option 2,3 and 5