The national income distribution in the United States in 2010 follows a Lorenz curve y = L(x) which passes through these points: 0.2 0.4 0.6 0.8 y0 0.051 0.156 0.313 0.542 1 Use the Trapezoid Rule to estimate the GINI Index for the United States in 2010. 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 0.4 0.6 0.8 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 2010, was the income distribution in the United States in 2016 more equal or less equal? O more equal O less equal

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 64E
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The national income distribution in the United States in 2010 follows a Lorenz curve y = L(x) which passes through these points:
0.2
0.4
0.6
0.8
y0 0.051 0.156 0.313 0.542 1
Use the Trapezoid Rule to estimate the GINI Index for the United States in 2010.
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
0.4
0.6
0.8
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 2010, was the income distribution in the United States in 2016 more equal or less equal?
O more equal
O less equal
Transcribed Image Text:The national income distribution in the United States in 2010 follows a Lorenz curve y = L(x) which passes through these points: 0.2 0.4 0.6 0.8 y0 0.051 0.156 0.313 0.542 1 Use the Trapezoid Rule to estimate the GINI Index for the United States in 2010. 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 0.4 0.6 0.8 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 2010, was the income distribution in the United States in 2016 more equal or less equal? O more equal O less equal
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