A discussion relating to the attributes that make the Gini coefficient a desirable means of measurement; South African GINI Coefficient0.643110%100%100%90%80%90%80%70%70%60%50%60%50%51%40%30%20%40%30%31%23%20%15%11%10%0% 1% 3%10%5%7%0%10% 20% 30% 40%50%60%70%80%90% 100%Line of equalityLorenz Curve

The Gini Coefficient indicates how well the economic system of a country distributes the income…

Answered: A discussion relating to the attributes…

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A discussion relating to the attributes that make the Gini coefficient a desirable means of measurement;

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A discussion relating to the attributes that make the Gini coefficient a desirable means of measurement;

South African GINI Coefficient
0.643
110%
100%
100%
90%
80%
90%
80%
70%
70%
60%
50%
60%
50%
51%
40%
30%
20%
40%
30%
31%
23%
20%
15%
11%
10%
0% 1% 3%
10%
5%
7%
0%
10% 20% 30% 40%
50%
60%
70%
80%
90% 100%
Line of equality
Lorenz Curve

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