What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how
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What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality and inequality in a nation’s distribution of income.
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The Lorenz Curve and the Gini Coefficient are both valuable statistical tools used to measure income inequality within a population They summarize the ...View the full answer
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