Friday, July 19, 2013

Lorenz Curve

This map was taken from http://ingrimayne.com/econ/AllocatingRationing/MeasuringIncomeDist.html

This is a good example of a Lorenz Curve.  The Lorenz Curve tries to illustrate inequality.  In this example there is the percent of income with the total number of households.  The blue line would represent complete equality while the distance that the Lorenz Curve is from the line of equality is the total inequality.

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