Solved IB ACIO Question
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Q · Poverty and Unemploymentmoderate · 45s
The curve that graphically represents income distribution and is used with the Gini coefficient is the:
TopicPoverty and Unemployment
Question Typemultiple choice
Difficultymoderate
Marking+1 / −0.33
Test Duration30 min
← Previous questionQ 60 / 60
Step-by-Step Solution
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Meaning: The Lorenz curve plots cumulative income share against cumulative population share.Correct Option Justification: B is correct; Gini is derived from the Lorenz curve.Incorrect Options:A. Phillips curve relates inflation and unemployment in the short run.B. —C. Engel curve shows relationship between income and demand for a good.D. Laffer curve illustrates tax rate vs. tax revenue relation.
Final Answer: Option B - Lorenz curve