A:GRAPH SHOWING THEE DEGREE OF INEQUALITY IN THE DISTRIBUTION OF INCOMEINA SOCIETY INDUSTRY; AS WELLASTHEE DEGREE OF INEQUALITY IN THE DISTRIBUTIONO WEALTH IS a. production function b. Gini coefficlent c. demand durve D d Lorenz curve

The correct answer is d. Lorenz curve.<br /><br />The Lorenz curve is a graphical representation that shows the degree of inequality in the distribution of income or wealth within or industry. It plots the cumulative percentage of total income or wealth against the cumulative percentage of recipients, starting with the poorest or least wealthy individuals.<br /><br />The curve typically starts at the origin (0,0) and rises to a point where the cumulative percentage of recipients is 100% and the cumulative percentage of income or wealth is also 100%. The shape of the curve indicates the level of inequality in the distribution.<br /><br />Option a, production function, is incorrect because a production function represents the relationship between inputs (such as labor and capital) and outputs (such as goods and services) in an economic system. It does not directly show the degree of inequality in income or wealth distribution.<br /><br />Option b, Gini coefficient, is incorrect because the Gini coefficient is a numerical measure of inequality, typically derived from the Lorenz curve. It is a value between 0 and 1, where 0 represents perfect equality and 1 represents perfect inequality. While the Gini coefficient is related to the Lorenz curve, it is not a graphical representation itself.<br /><br />Option c, demand curve, is incorrect because a demand curve represents the relationship between the price of a good or service and the quantity demanded by consumers. It does not show the degree of inequality in income or wealth distribution.<br /><br />Therefore, the correct answer is d. Lorenz curve, as it is the graphical representation that shows the degree of inequality in the distribution of income or wealth within a society or industry.