Essay
-Refer to Figure 17-8 to answer the following questions.
a. Did the distribution of income become more equal in 2020 than it was in 2019, or did it become less equal? Explain.
b. If area A = 1,900, area B = 450, and area C = 2,650, calculate the Gini coefficient for 2019 and the Gini coefficient for 2020.
Correct Answer:
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a. The distribution of income became les...
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