The table shows three alternative distributions of land ownership in a village with 100 people and 100 hectares of land. Draw the Lorenz curves for each case. For cases I and III calculate the Gini. For case II, show on the Lorenz curve diagram how the Gini coefficient can be calculated. Note this is exercise 5.9 for CORE Project The Economy. 10 people own 10 hectares Case I 90 people own nothing each 34 people own 1 hectare 27 people own 2.44 hectares Case II 39 people own nothing each each 100 people own 1 hectare Case III each. (a) What is the Gini for Case I (between 0 and 1, within two deci (Alt + A) ¡g. 0.12)? Make sure you round correc (b) What is the Gini in Case II? (between 0 and 1, within two decimal places, e.g. 0.34)? Make sure you round correctly. 固团画 (c) What is the Gini in Case IlI? (between 0 and 1, within two decimal places e.g. .99)? Make sure you round correctly.

The table shows three alternative distributions of land ownership in a village with 100 people and 100 hectares of land. Draw the Lorenz curves for each case. For cases I and III calculate the Gini. For case II, show on the Lorenz curve diagram how the Gini coefficient can be calculated. Note this is exercise 5.9 for CORE Project The Economy. 10 people own 10 hectares Case I 90 people own nothing each 34 people own 1 hectare 27 people own 2.44 hectares Case II 39 people own nothing each each 100 people own 1 hectare Case III each. (a) What is the Gini for Case I (between 0 and 1, within two deci (Alt + A) ¡g. 0.12)? Make sure you round correc (b) What is the Gini in Case II? (between 0 and 1, within two decimal places, e.g. 0.34)? Make sure you round correctly. 固团画 (c) What is the Gini in Case IlI? (between 0 and 1, within two decimal places e.g. .99)? Make sure you round correctly.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 46P: Susan is a single mother with three children. She can earn 8 per hour and works up to 2,000 hours...

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