Which of the following is represented by ‘Lorenz Curve’
(A) Employment
(B) Inflation
(C) Deflation
(D) Income Distribution
Correct Answer : Employment
Question Asked : SSC CGL Tier-I (CBE) Exam 2017
Explanation : Marginal product of an input is defined as the change in output per unit of change in the input when all other inputs are held constant. Marginal product are additions to the total product. In other words, MP = Change in Total Product (TP)/Change in Variable Input.
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Tags : macroeconomics
