Asked May 14, 2019

Suppose a Lorenz curve for a particular country is

f(x)=x7/3 for 0≤x≤1.

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


Expert Answer

Step 1

To calculate the Gini index using the Lorenz curve equation

Step 2

Defintion of Gini ...


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