Solve
Guides
0
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following is used for the measurement of distribution of income?

A
Gini-Lorenz Curve
B
Laffer Curve
C
Engel's Law
D
Philip Curve
Open in App
Solution
Verified by Toppr

Correct option is C. Gini-Lorenz Curve
Lorenz curve is most often used to represent economic inequality, it can be used to represent unequal distribution in any system. The farther away the curve is from the baseline, represented by the straight diagonal line, the higher the level of inequality.
Lorenz curve denotes inequality in the distribution of either wealth or income.
The Gini coefficient is used to express the extent of inequality in a single figure. It can range from 0 (or 0%) to 1 (or 100%)
Hence c is the correct answer.

Was this answer helpful?
0
Similar Questions
Q1
Which of the following is used for the measurement of distribution of income?

View Solution
Q2
68. Which of the following is used for the measurement of distribution of income?
View Solution
Q3
In the case of assets used for generation and distribution of power, the Income-tax Act prescribe which of the following method of depreciation.?
View Solution
Q4

Which of the following/s are the consequences of unequal distribution of national income?


View Solution
Q5
Which one of the following statements regarding the levying, collecting and distribution of income tax is correct?
View Solution