Asked by Kayla Harrington on Apr 27, 2024
Verified
A curve showing the quintile distribution of a nation's income is called the Gini curve.
Gini Curve
A graphical representation of the distribution of income or wealth within a society, used to measure economic inequality.
Quintile Distribution
A method of dividing a population into five equal groups based on their income levels or other measures.
Nation's Income
The total amount of money earned within a country from the production of goods and services over a specific time period, including wages, profits, and rental income.
- Acquire knowledge of income equality metrics, such as the Lorenz curve and Gini coefficient.
Verified Answer
SW
Samantha WilsonApr 29, 2024
Final Answer :
False
Explanation :
The curve showing the quintile distribution of a nation's income is called the Lorenz curve. The Gini coefficient is a measure of inequality derived from the Lorenz curve.
Learning Objectives
- Acquire knowledge of income equality metrics, such as the Lorenz curve and Gini coefficient.