Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Taking the salary distribution in a company as a basis, the Lorenz curve
is given by:
L(x) = 0.38x3 0.15x² + 0.77x
Carry out the necessary procedures to answer the following
IG = 0.74
The Gini index for this company is
IG = 0.14
SELECT
IG = 0.07
IG = 0.43
IG = 0.86
Taking into account the value found of the Gini index we can conclude
that
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