ChHal9341 ChHal9341

27-11-2020
Social Studies

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Which Gini coefficient corresponds to a Lorenz curve that is bowed furthest away from the 45-degree line

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27-11-2020

Answer:

The Lorenz curve offers an intuitively clear picture of inequality. At the other extreme, if the highest income group earned all the income, the Lorenz curve on actual data will be more "bowed" away from the 45-degree line.

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