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katerooshkie katerooshkie
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A year ago
The Lorenz Curve and the Gini Coefficient

The graph shows a Lorenz curve.

For Iniquus, the area of A=375 and the area of B=750. What is the Gini coefficient? Suppose that in Aequus, the area of A=210 and the area of B=915. What is the Gini coefficient? Which country has more income inequality?
Please round your final answer to two decimal places.

▸ 0.50, 0.23, Iniquus

▸ 0.33, 0.19, Iniquus

▸ 0.50, 0.23, Aequus

▸ 0.33, 0.23, Aequus
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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catdastercatdaster
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A year ago
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katerooshkie Author
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A year ago
Just got PERFECT on my quiz
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Thank you, thank you, thank you!
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