The graph below shows the Lorenz curves of two different countries stylistically called ‘red’ and ‘green’. The two countries report equal Gini coefficients indicating equal measures of income inequality. However, several experts argue that the green country is less unequal than the red country. Explain the criteria used to make such an argument.
The graph below shows the Lorenz curves of two different countries stylistically called ‘red’ and ‘green’. The two countries report equal Gini coefficients indicating equal measures of income inequality. However, several experts argue that the green country is less unequal than the red country. Explain the criteria used to make such an argument.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The graph below shows the Lorenz
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