What Is a Lorenz Curve? How Can It Be Used

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What is a Lorenz curve? How can it be used to show the degree of inequality of income distribution? Given the data for Brazil shown, draw a Lorenz curve.Is the income distribution relatively equal or unequal? Explain how you reached your answer.
What is a Lorenz curve? How can it be used to show the degree of inequality of income distribution? Given the data for Brazil shown, draw a Lorenz curve.Is the income distribution relatively equal or unequal? Explain how you reached your answer.

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