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Economics An economy consists of 20 households, numbered from 1 to 20 in Increasing do: of income. Each Household has 5 members. Each household's income

Economics

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An economy consists of 20 households, numbered from 1 to 20 in Increasing do: of income. Each Household has 5 members. Each household's income is reported in US dollars in the table below. a.Compute the ratio of the top quintile's share in total income to that of the bottom quintile. b. Draw Lorenz curve. c. Calculate the Gini coefficient

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