A researcher has obtained following Lorenz curve by plotting income and population distribution in a country XYZ.
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A researcher has obtained following Lorenz curve by plotting income and population distribution in a country XYZ.
The area ‘A’ has been estimated as 0.20 and area B as 0.30. Now calculate the Gini coefficient and comment on income inequality of country XYZ.
If the area A for another country LMN rises to 0.26 and area B is reduced to 0.24, then re- estimates the Gini coefficient. Which country has greater income inequality? How will you compare them in one graph?
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Related Book For 
Basic Statistics For Risk Management In Banks And Financial Institutions
ISBN: 9780192849014
1st Edition
Authors: Arindam Bandyopadhyay
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