http://edecon.wordpress.com/2011/06/
The Lorenz curve above displays the graphical relationship between the cumulative percentage of population and percentage of income. Lorenz curves represent the cumulative function distribution of the probability of wealth, while the graph above displays a 45 degree line representing equality. The graph above shows an unequal distribution of income, with the lorenz curve dipping under the equality line.
The Lorenz curve above displays the graphical relationship between the cumulative percentage of population and percentage of income. Lorenz curves represent the cumulative function distribution of the probability of wealth, while the graph above displays a 45 degree line representing equality. The graph above shows an unequal distribution of income, with the lorenz curve dipping under the equality line.
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