The Lorentz Curve
March 16th, 2006
Another sub-topic generally left untouched at the A-Levels (at least for me) is the Lorentz curve. The Lorentz curve, as seen below, is named after the American statistician M.D. Lorentz, and is a curve that shows the proportion of national income earned by a given percentage of the population. It provides a visual representation of the (in)equality of distribution of income of a particular population.
