Question: In a certain state, it is found that the distribution of income for lawyers is given by the Lorenz curve y = L 1 (x),

In a certain state, it is found that the distribution of income for lawyers is given by the Lorenz curve y = L1(x), where


L(x) = 4 =x + 5 -X 5


while that of surgeons is given by y = L2(x), where


image


Compute the Gini index for each Lorenz curve. Which profession has the more equitable income distribution?

L(x) = 4 =x + 5 -X 5

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