In the context of economy Lorenz curve is used to measure ........

Indian Economy (Easy) Planning in India

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In the context of economy, Lorenz curve is used to measure:

Female labour force participation

Income inequality

Rate of unemployment

Inflation

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Explanation:

The Lorenz Curve (the actual distribution of income curve), a graphical distribution of wealth developed by Max Lorenzin 1906, shows the proportion of income earned by any given percentage of the population. The line at the 45º angle shows perfectly equal income distribution, while the other line shows the actual distribution of income. The further away from the diagonal, the more unequal the size of the distribution of income.