Use the Lorenz curve diagram, shown to the right, to answer the questions a. Did

Question

Use the Lorenz curve diagram, shown to the right, to answer the questions a. Did the distribution of income become more equal in 2018 than it was in 2017, or less equal? 80 It became equal in 2018 b. If area A = 2.150, area B = 250, and area C = 2,600, calculate the Gini coefficient for 2017 and the Gini coefficient for 2018 2017 (Enter your response rounded to two decimal The Gini coefficient for 2017 is places.) 4 (Enter your response rounded to two decimal The Gini coefficient for 2018 is places.) 40 20 Households (cumulative percent) 60 80 100

Explanation / Answer

1> Less equal in 2018

Reason

The curve in 2018 is lower.

2> Gini in 2017 = 2150/5000=0.43

3> Gini in 2018 = (2150+250)/5000=0.48

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.