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How might inequality lead to faster growth or development

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Reference no: EM133133250

1.) What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality and inequality in a nation's distribution of income.

2.) How might inequality lead to faster growth or development? How might it lead to slower growth or development?

3.) Is progress being made in the fight against poverty? Why or why not?

Reference no: EM133133250

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