Question Description
Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer?.

Solutions for Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following statements defines the term ‘Lorenz Curve’?a)It shows that inflation and unemployment have a stable and inverse relationship.b)It shows that as the economy develops, market forces first increase and then decrease economic inequality.c)It is a relationship between tax rates and the amount of tax revenue collected by governments.d)It shows the cumulative share of income from different sections of the population.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.