Exhibit 17-1 The Lorenz Curve Refer to Exhibit 17-1.The Gini coefficient,G,is obtained by:

Name: Exhibit 17-1 The Lorenz Curve Refer to Exhibit 17-1.The Gini coefficient,G,is obtained by:
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Question

Exhibit 17-1 The Lorenz Curve  Refer to Exhibit 17-1.The Gini coefficient,G,is obtained by:

Quizplus · Accepted Answer

The Gini coefficient is defined as the ratio of area A (the area between the Lorenz curve and the line of perfect equality) to the sum of areas A and B (the entire area under the line of perfect equality). Therefore, the formula is A/(A+B), which is equivalent to dividing area A by area (A+B).

Exhibit 17-1 the Lorenz Curve Refer to Exhibit 17-1