Question

In the framework of a Lorenz curve, the final entry in the cumulative income column needs to be _________.

Answer 1

100%

Step-by-step explanation:

The Lorenz curve was developed by Lorenz max in 1905. It measures inequalities in wealth or income. In the Lorenz curve it shows a graph where the the cumulative percentage of total national income on one side against cumulative percentage of population on another side. The final entry in the income column needs to be a 100 percent.