Question

what does the lorenz curve measure? a comparative incomes between countries. b the amount of employment by household quintiles. c the trade - off between inflation and unemployment. d the equality of income distribution among households.

Explanation:

The Lorenz curve is a graphical representation used in economics (a subfield of Business) to show the distribution of income (or wealth) among households. It compares the cumulative percentage of income received by cumulative shares of the population. Option A is incorrect as it's not about comparing incomes between countries. Option B is wrong as it's not about employment by quintiles. Option C refers to the Phillips curve, not Lorenz. Option D correctly states that the Lorenz curve measures income distribution equality among households.

Answer:

D. The equality of income distribution among households.