Which of the following are not correctly matched 1 Lorenz Curve ndash Poverty estimation 2 J Curve n...........

Economic Affairs Planning in India

Download Solution PDF

Which of the following are not correctly matched?

1. Lorenz Curve – Poverty estimation

2. J Curve – Taxation

3. Laffer Curve – Devalutaion

4. Philip’s Curve – Inflation and uemployment

Select the correct answer:

1 only

1&2 only

1,2&3 only

All the above

छोटे Courses बड़े Results

Master Planning in India

Prepare through Micro-courses

Try Now

Explanation:

In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution.
The J-curve effect is seen in economics when a country's trade balance initially worsens following a devaluation or depreciation of its currency.
The Phillips curve represents the relationship between the rate of inflation and the unemployment rate.
In economics, the Laffer curve is a representation of the relationship between rates of taxation and the resulting levels of government revenue.