If the area between the line of equality and the Lorenz curve is 1,250 and the entire area beneath the line of equality is 5,000,the Gini ratio is

Name: If the area between the line of equality and the Lorenz curve is 1,250 and the entire area beneath the line of equality is 5,000,the Gini ratio is
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Quizplus · Accepted Answer

The Gini ratio is calculated as the area between the line of equality and the Lorenz curve divided by the total area under the line of equality. Therefore, it is 1,250 / 5,000 = 0.25.

If the Area Between the Line of Equality and the Lorenz