The figure given below represents an imperfectly competitive resource market. Here common land (and not land used for specific purpose) is under consideration.Figure 18.1

-The Gini co-efficient is the:
A) area between the Lorenz curve and the vertical axis divided by the area under the Lorenz curve.
B) area between the Lorenz curve and the horizontal axis divided by the area above the Lorenz curve.
C) area between the Lorenz curve and the line of perfect equality divided by the total area under the line of income equality.
D) area between the Lorenz curve and the line of perfect equality divided by the total area above the line of perfect equality.
E) area between the line of perfect equality and the horizontal axis divided by the area between the Lorenz curve and the horizontal axis.
Correct Answer:
Verified
Q10: The figure given below represents an imperfectly
Q11: The figure given below represents an imperfectly
Q12: The figure given below represents an imperfectly
Q13: The figure given below represents an imperfectly
Q14: The figure given below represents an imperfectly
Q16: The figure given below represents an imperfectly
Q17: The figure given below represents an imperfectly
Q18: The figure given below represents an imperfectly
Q19: The figure given below represents an imperfectly
Q20: The table below shows the distribution of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents