(Solved): Which graph depicts a relative equal distribution of income? Substantiate your answer by referring ...

which graph despictd a relavtive unequal distribution of income? Substantiate your answer by referring to the curvature of the Lorenz line.

6.1 Define the Lorenz curve. (1) 6.2 Which graph depicts a relative equal distribution of income? Substantiate your answer by referring to the curvature of the Lorenz line. (2) 6.3 Which graph depicts a relative unequal distribution of income? Substantiate your answer by referring to the curvature of the Lorenz line. (2) 6.4 Differentiate between monetary and fiscal policy. (3) 6.5 Distinguish between the appropriate instruments employed by monetary and fiscal policy to stimulate growth. (4) 6.6 In which circumstances will the one type of policy be more successful than the other?