6. Assume that 50% of New Yorkers receive an equal portion of the city's 30% income, while the remaining 50% halves the remaining income. Calculate the Gini coefficient for New York by drawing this situation on a graph. What is the 90/10 salary disparity?

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Chapter30: The Labor Market
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6. Assume that 50% of New Yorkers receive an equal portion of the city's 30% income, while
the remaining 50% halves the remaining income. Calculate the Gini coefficient for New York
by drawing this situation on a graph. What is the 90/10 salary disparity?
Transcribed Image Text:6. Assume that 50% of New Yorkers receive an equal portion of the city's 30% income, while the remaining 50% halves the remaining income. Calculate the Gini coefficient for New York by drawing this situation on a graph. What is the 90/10 salary disparity?
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