The following table gives data on the shares of household income by quintile in the United States
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The following table gives data on the shares of household income by quintile in the United States in 2005.
Draw the Lorenz curve, and calculate the Gini coefficient.
Transcribed Image Text:
Quintile Lowest Second Third Fourth Highest Percent Share of Income 3.4 8.6 14.6 23.0 50.4
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Calculating the Gini coefficient involves breaking the area under the Lorenz curve int...View the full answer
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Related Book For
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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