1. What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality and inequality in a nation's distribution of income.

1. What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality and inequality in a nation's distribution of income.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter12: Income Distribution, Poverty, And Discrimination

Section: Chapter Questions

Problem 5SQP

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Question

1. What is the relationship between
a Lorenz curve and a Gini
coefficient?
Give
some
examples of how Lorenz curves
and Gini coefficients can be
used as summary measures of
equality and inequality in a
nation's distribution of income.

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