The following income distribution data define points on Lorenz curves, where x represents the fraction of a certain country's population and L(x) the cumulative percent of income held by fraction x. Use this data and a numerical method to evaluate and hence to find the Gini coefficient of income for this country in 1995 and 2003. Round your answers to three decimal places.

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Question

The following income distribution data define points on Lorenz curves, where x represents the fraction of a certain country's population and L(x) the cumulative percent of income held by fraction x. Use this data and a numerical method to evaluate  and hence to find the Gini coefficient of income for this country in 1995 and 2003. Round your answers to three decimal places. 
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A) ​ ​ 
B) ​ ​ 
C) ​ ​ 
D) ​ ​ 
E) ​ ​​ ​

Quizplus · Accepted Answer

The Answer of The following income distribution data define points on Lorenz curves, where x represents the fraction of a certain country's population and L(x) the cumulative percent of income held by fraction x. Use this data and a numerical method to evaluate  and hence to find the Gini coefficient of income for this country in 1995 and 2003. Round your answers to three decimal places. 
​
A) ​ ​ 
B) ​ ​ 
C) ​ ​ 
D) ​ ​ 
E) ​ ​​ ​

The Following Income Distribution Data Define Points on Lorenz Curves