1. Explain what the Lorenz curve shows. 2. Describe what the Lorenz curve would show if there...
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2. Describe what the Lorenz curve would show if there were perfect income equality.
3. Explain what the Gini coefficient measures.
4. Describe the relationship between income inequality and the size of the Gini coefficient.
5. Discuss the limitation of the Gini coefficient.
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1 The Lorenz curve shows the relationship between cumu...View the full answer
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