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Consider the following distribution of income in a 12-person economy, with the modern urban wage = 10, the traditional rural income = 2, and the
Consider the following distribution of income in a 12-person economy, with the modern urban wage = 10, the traditional rural income = 2, and the informal urban wage = 4: (2, 2, 2, 2, 4, 4, 4, 4, 10, 10, 10, 10) Suppose rural incomes are raised to 3, other things equal. Then, Gini coefficient will Group of answer choices rise remain unchanged fall rise then fall
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