Define lorenz curve, Using the axes from a Lorenz curve,

Define lorenz curve

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Reference no: EM131443280

Question: Using the axes from a Lorenz curve, draw

a. the Lorenz curve for perfect equality.

b. the Lorenz curve for perfect inequality.

c. a Lorenz curve for some inequality.

d. For the curve used in c, show which ratio of areas equals the Gini coefficient.

Reference no: EM131443280

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