Economics A-Level
Lorenz curve
What Lorenz curve means in Economics A-Level, as defined for AQA.
Definition of Lorenz curve
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Reference: AQA
A curve that graphically represents the distribution of income or wealth within an economy, plotting cumulative percentage of population against cumulative percentage of income or wealth.
Topics that use Lorenz curve
- The distribution of income and wealth (AQA A-Level)
Related terms
- Asset Ownership
- Asset Price Inflation
- Equality
- Equity
- Equity vs efficiency
- Flow vs Stock
- Gini coefficient
- Government intervention
Using Lorenz curve in the exam
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