The y axis measures the percentage of the total income


In an income distribution graph,

  1. The "y" axis measures the percentage of the total income earned in the United States.
  2. The "x" axis measures the percentage of households in the United States.
  3. The Lorenz curve measures and represents the distribution of income.
  4. The Lorenz curve is not required in an income distribution graph.

Solution Preview :

Prepared by a verified Expert
Business Management: The y axis measures the percentage of the total income
Reference No:- TGS02764337

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)