Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Suppose that the Lorenz curve for a country satisfies
•0.5
L(x) dx = 0.06,
and the Gini Index is 0.6.
1
b L(x) dæ =
0.5
Then we can compute that](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faff69e32-d595-4a09-9a0c-f8480e251e37%2Fc18795bd-fdeb-4e02-8d18-71fde991dac9%2F30fs8m_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose that the Lorenz curve for a country satisfies
•0.5
L(x) dx = 0.06,
and the Gini Index is 0.6.
1
b L(x) dæ =
0.5
Then we can compute that
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