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Comple M Que X M Connec Essay3 SO-14 New Ta + O X C ezto.mheducation.com/ext/map/index.html?_con=con&external_... [ * *0 Complete Chapter 11 Homew... i Saved Help

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Comple M Que X M Connec Essay3 SO-14 New Ta + O X C ezto.mheducation.com/ext/map/index.html?_con=con&external_... [ * *0 Complete Chapter 11 Homew... i Saved Help Save & Exit Submit Check my work 3 Instructions: Round your answers to 1 decimal place. a. Calculate the Gini ratio for this two-person economy using the geometric formulas for the area of a triangle (= 1/2 x base x height) and the area of a 20 rectangle (= base x height). (Hint: The area under the line segment from points point a to point b can be thought of as the sum of the area of a particular triangle and the area of a particular rectangle.) eBook Hint Print References b. What would the Gini ratio be if the government taxed $20,000 away from Roger and gave it to Larry? (Hint: The figure will change.) c. Start again with Larry earning $20,000 per year and Roger earning $80,000 per year. What would the Gini ratio be if both their incomes doubled? Mc Graw Hill 9:24 PM 12 DELL W CO 4/14/2023

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