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? How would one show that change of inequality in the Lorenz diagram? LO1

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Essentials Of Economics

ISBN: 9780077502140

3rd Edition

Authors: Stanley Brue, Campbell McConnell, Sean Flynn

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Question Posted: Oct 03, 2024 03:04 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? How...
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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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