Question

Asked May 14, 2019

54 views

Suppose a Lorenz curve for a particular country is

f(x)=x^{7/3} for 0≤x≤1.

What is the Gini index of income concentration for this country? Do not include a percent symbol in your answer.

Step 1

To calculate the Gini index using the Lorenz curve equation

Step 2

Defintion of Gini ...

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