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1)Figure 2 below is an image of a Lorenz curve. a. What is the typical range for Gini coefficients? ii. What does a high number

1)Figure 2 below is an image of a Lorenz curve.

What is the typical range for Gini coefficients? ii. What does a high number indicate? 100 Perfect Equality Line Percentage of Income Lorenz H Curve 0 100 Percentage of Population Figure 2

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