Based on your answers to Problems 29-13 and 29-14, when A increased, did the degree of income

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Based on your answers to Problems 29-13 and 29-14, when A increased, did the degree of income inequality increase or decrease? Explain why your answer makes sense by referring to the implied change in the shape of the Lorenz curve.

Problem 29-13

Suppose that in Figure 29-1 the area labeled A is one-fourth of the area denoted B. What is the value of the Gini coefficient?image text in transcribed

Problem 29-14

Now suppose that in the situation described in Problem 29-13, the distribution of income changes in such a way that A increases to one-third of the area denoted B. What is the new value of the Gini coefficient?

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