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1. Calculate the Gini Coefficient for the income distribution given below the economy of Utopia: 5 people with incomes A: 1200. B: 270. C: 640,

1. Calculate the Gini Coefficient for the income distribution given below the economy of Utopia: 5 people with incomes A: 1200. B: 270. C: 640, D: 540. E: 820] Please explain the calculation proce...

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