The national income distribution in Moldova in 2016 follows a Lorenz curve y = L(x) which passes through these points: x00.2 0.4 0.6 0.8 y00.1 0.241 0.415 0.634 1 Use the Trapezoid Rule to estimate the GINI Index for Moldova in 2016. The national income distribution in the United States in 2016 follows a Lorenz curve y = L(x) which passes through these points: X0 0.2 0.8 0.4 0.6 y00.05 0.152 0.305 0.531 1 Use the Trapezoid Rule to estimate the GINI Index for the United States in 2016. Compared with Moldova, was the income distribution in the United States in 2016 more equal or less equal? O less equal more equal

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.2: Functions Given By Tables
Problem 32SBE: Does a Limiting Value Occur? A rocket ship is flying away from Earth at a constant velocity, and it...
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The national income distribution in Moldova in 2016 follows a Lorenz curve y = L(x) which passes through these points:
x00.2
0.4
0.6
0.8
y00.1 0.241 0.415 0.634 1
Use the Trapezoid Rule to estimate the GINI Index for Moldova in 2016.
The national income distribution in the United States in 2016 follows a Lorenz curve y = L(x) which passes through these points:
X0 0.2
0.8
0.4
0.6
y00.05 0.152 0.305 0.531 1
Use the Trapezoid Rule to estimate the GINI Index for the United States in 2016.
Compared with Moldova, was the income distribution in the United States in 2016 more equal or less equal?
O less equal
more equal
Transcribed Image Text:The national income distribution in Moldova in 2016 follows a Lorenz curve y = L(x) which passes through these points: x00.2 0.4 0.6 0.8 y00.1 0.241 0.415 0.634 1 Use the Trapezoid Rule to estimate the GINI Index for Moldova in 2016. The national income distribution in the United States in 2016 follows a Lorenz curve y = L(x) which passes through these points: X0 0.2 0.8 0.4 0.6 y00.05 0.152 0.305 0.531 1 Use the Trapezoid Rule to estimate the GINI Index for the United States in 2016. Compared with Moldova, was the income distribution in the United States in 2016 more equal or less equal? O less equal more equal
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