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2. Calculate Gini coefficient for the following economy. Cumulative % of income 100 75 450 50 25 Cumulative 0 25 50 75 100 % of

2. Calculate Gini coefficient for the following economy. Cumulative % of income 100 75 450 50 25 Cumulative 0 25 50 75 100 % of Population 3. Explain the following pair of concepts. a. Unconditional convergence and conditional convergence; b. Lorenz curve and Gini coefficient; c. Inequality and poverty; d. Income transfer and safety net

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