In 1985, urban Chinese earned 1.9 times as much as people in the countryside, which is home

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In 1985, urban Chinese earned 1.9 times as much as people in the countryside, which is home to 60 percent of the population. By 2007, they earned 3.3 times as much according to the United Nations.

Explain how the Lorenz curve in China changed between 1985 and 2007.

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Foundations Of Microeconomics

ISBN: 9780133477108

7th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Feb 15, 2024 08:01 AM

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In 1985, urban Chinese earned 1.9 times as much as people in the countryside, which is home

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The Lorenz curve is a graphical representation of the distribution of income or distribution of weal...View the full answer

Foundations Of Microeconomics

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