Chapter 13.6, Problem 35E

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

** Income distribution** Suppose the Lorenz curve for the distribution of income of a certain country is given by

Find the Gini coefficient of income.

To determine

**To calculate:** The Ginni coefficient of income if Lorenz distribution of income for a certain country is given by

Explanation

**Given Information:**

Lorenz distribution of income for a certain country is given by,

**Formula used:**

The Ginni coefficient of income for Lorenz distribution

The formula for integration by parts is given by:

**Calculation:**

As it is provided that Lorenz distribution of income for a certain country is given by,

Now, the Ginni coefficient of income for Lorenz distribution

Thus, to obtain the Ginni coefficient for the provided Lorenz distribution, substitute

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