3. How does the Gini ratio relate to the Lorenz curve? Why cant the Gini ratio exceed...

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3. How does the Gini ratio relate to the Lorenz curve? Why can’t the Gini ratio exceed 1? What is implied about the direction of income inequality if the Gini ratio declines from 0.42 to 0.35?

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Essentials Of Economics

ISBN: 9780073511313

2nd Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn

Question Posted: Sep 28, 2024 09:00 AM

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3. How does the Gini ratio relate to the Lorenz curve? Why cant the Gini ratio exceed 1? What is implied about the direction of income inequality if the Gini ratio declines from 0.42 to 0.35?
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3. How does the Gini ratio relate to the Lorenz curve? Why cant the Gini ratio exceed...

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Essentials Of Economics

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