Income distribution The government of a small country is planning sweeping changes in the tax structure in order to provide a more equitable distribution of income The Lorenz curves for the current income distribution and for the projected income distribution after enactment of the tax changes are ...

For current Lorenz curve fx x 23 Index of Income Concentration ...

Income distribution. The government of a small country is planning sweeping changes in the tax structure in

Question:

Income The government of a small country is planning sweeping changes in the tax structure in order to provide a more equitable of income. The Lorenz curves for the current income and for the projected income after enactment of the tax changes are as follows:
f (x) = x2.3 Current Lorenz curve
g(x) = 0.4x + 0.6x2 Projected Lorenz curve after change in tax laws
Find the Gini index of income concentration for each Lorenz curve. Will the proposed changes provide a more equitable income Explain
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...