The Betropolis University Investment Club of 5 have investment incomes of $5,000, $10,000, $15,000, $20,000, and $50,000. A.Using the Trapezoidal Rule with 5 trapezoids find the area under the Lorenz Curve. Your answer should be correct to 3 places after the decimal point. _____________ B. Using the result of Part A find the Gini Index. Your answer should be correct to 3 places after the decimal point. _______________

The Betropolis University Investment Club of 5 have investment incomes of $5,000, $10,000, $15,000, $20,000, and $50,000. A.Using the Trapezoidal Rule with 5 trapezoids find the area under the Lorenz Curve. Your answer should be correct to 3 places after the decimal point. _ B. Using the result of Part A find the Gini Index. Your answer should be correct to 3 places after the decimal point. ___

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Design Of The Tax System

Section: Chapter Questions

Problem 4CQQ

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