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Solve the Problem. -The Lorenz Curve for the Income Distribution in a Certain

Question 1

Multiple Choice

Solve the problem.
-The Lorenz curve for the income distribution in a certain country is given by Solve the problem. -The Lorenz curve for the income distribution in a certain country is given by I) Find the Gini index of income concentration. II) Use the answer found in I) to determine if the income of this country is more equally distributed, less equally Distributed, or distributed the same as a second country having an index of income concentration of 0.2. A) I) 0.33 B) I) 0.25 II) less equally distributed II) less equally distributed C) I) 0.25 D) I) 0.33 II) more equally distributed II) more equally distributed I) Find the Gini index of income concentration. II) Use the answer found in I) to determine if the income of this country is more equally distributed, less equally
Distributed, or distributed the same as a second country having an index of income concentration of 0.2.


A) I) 0.33
B) I) 0.25 II) less equally distributed II) less equally distributed
C) I) 0.25
D) I) 0.33 II) more equally distributed II) more equally distributed

Correct Answer:

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