Calculate the area of each section as steps in verifying the calculation of the Gini Coefficient. - In your calculations, represent all percentages as decimals. For example, use 0.50 for 50%. Remember that along the 45-degree line, the horizontal and vertical coordinates are equal. This is important for calculating the length of the sides between each point (A, B, C, and D) and the 45-degree line. - Report all answers to three decimal places. Note that you can check your answer for the Gini Coefficient using the interactive tool which reports only two decimal places. Calculate the area of section V Calculate the area of section W. Calculate the area of section X. Calculate the area of section Y. Calculate the area of section Z. Calculate 2(V+W+X+Y+Z). Gini Coefficient =

Calculate the area of each section as steps in verifying the calculation of the Gini Coefficient. - In your calculations, represent all percentages as decimals. For example, use 0.50 for 50%. Remember that along the 45-degree line, the horizontal and vertical coordinates are equal. This is important for calculating the length of the sides between each point (A, B, C, and D) and the 45-degree line. - Report all answers to three decimal places. Note that you can check your answer for the Gini Coefficient using the interactive tool which reports only two decimal places. Calculate the area of section V Calculate the area of section W. Calculate the area of section X. Calculate the area of section Y. Calculate the area of section Z. Calculate 2(V+W+X+Y+Z). Gini Coefficient =

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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