2. The Lorenz curve of a particular society is given by L(x) = Ax? + Bx. Suppose that the poorest half of the population receive only 35% of the society's income and that the Gini index of this society is 0.2. Find A and B.

2. The Lorenz curve of a particular society is given by L(x) = Ax? + Bx. Suppose that the poorest half of the population receive only 35% of the society's income and that the Gini index of this society is 0.2. Find A and B.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter12: Income Distribution, Poverty, And Discrimination

Section: Chapter Questions

Problem 6SQ

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2.) Show your complete/correct solution.

2. The Lorenz curve of a particular society is given by
L(x) = Ax? + Bx.
Suppose that the poorest half of the population receive only 35% of the society's income and
that the Gini index of this society is 0.2. Find A and B.

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