The Lorenz Curve
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a) Show that the Gini index G is twice the area between the Lorenz curve and the line y = x b) What is the value of G for a perfectly egalitarian society (everybody has the same income)? c) What is the value of G for a perfectly totalitarian society ( a single person receives all the income)?
a) Show that the Gini index G is twice the area between the Loren…
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numerade.com
Lorenz Curve: Definition & Example
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