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Question 6: Consider an economy of 10 people and two sectors (modern and traditional) with yearly incomes equal to $1,000 and $2,000. Suppose that all growth proceeds by moving people from the traditional to the modern sector. (a) Plot values of the Gini coefficient and the coefficient of variation as individuals move from the traditional to the modern sector. (b) Can you invent a Lorenz-consistent inequality measure which does not display the inverted-U property in this case?

Question 6: Consider an economy of 10 people and two sectors (modern and traditional) with yearly incomes equal to $1,000 and $2,000. Suppose that all growth proceeds by moving people from the traditional to the modern sector. (a) Plot values of the Gini coefficient and the coefficient of variation as individuals move from the traditional to the modern sector. (b) Can you invent a Lorenz-consistent inequality measure which does not display the inverted-U property in this case?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question 6: Consider an economy of 10 people and two sectors (modern and traditional) with yearly incomes equal to $1,000 and $2,000. Suppose that all growth proceeds by moving people from the traditional to the modern sector. (a) Plot values of the Gini coefficient and the coefficient of variation as individuals move from the traditional to the modern sector. (b) Can you invent a Lorenz-consistent inequality measure which does not display the inverted-U property in this case?
Transcribed Image Text:Question 6: Consider an economy of 10 people and two sectors (modern and traditional) with yearly incomes equal to $1,000 and $2,000. Suppose that all growth proceeds by moving people from the traditional to the modern sector. (a) Plot values of the Gini coefficient and the coefficient of variation as individuals move from the traditional to the modern sector. (b) Can you invent a Lorenz-consistent inequality measure which does not display the inverted-U property in this case?
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