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Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313 Exercise 3
How does the Gini ratio relate to the Lorenz curve Why can't the Gini ratio exceed 1 What is implied about the direction of income inequality if the Gini ratio declines from 0.42 to 0.35 How would one show that change of inequality in the Lorenz diagram
Explanation
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Defined as a statistical measure of econ...
Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
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