Wednesday, December 10, 2008
Lorenz Curve
In this depiction of the Lorenz Curve the independent variable is income, while the dependent variable households. If the distribution of the households was equal you would look at the blue line which is the line of equality, but because we are looking at an economic scale this is hardly feasible. Therefore the Lorenz curve is depicted in order to show the space between the line of equality and the curve as the space of inequality.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment