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Item#1 Draw the Lorenz curve and compute the Gini index of a group whose incomes are 25, 32, 60, 40, 38, 50.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter18: Poverty And Redistribution

Section: Chapter Questions

Problem 1.2P

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Draw the Lorenz curve and compute the Gini index of a group whose incomes
are 25, 32, 60, 40, 38, 50.

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