Economics B A-Level
Lorenz curve
What Lorenz curve means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Lorenz curve
Check what you remember
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Reference: Pearson Edexcel
A diagrammatic analysis of income or wealth distribution, plotting the cumulative percentage of the population on the x-axis against the cumulative percentage of income on the y-axis.
Topics that use Lorenz curve
- Poverty and inequality (Pearson Edexcel A-Level)
Related terms
- Absolute poverty
- Line of equality
- Median income
- Purchasing power parity
- Relative poverty
- International poverty line
Using Lorenz curve in the exam
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