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Examine what has been happening to the degree of inequality in the distribution of income in the United States over recent decades. Has the distribution
Examine what has been happening to the degree of inequality in the distribution of income in the United States over recent decades. Has the distribution become more or less equal? Analyze and present what you believe some of the reasons are for this trend. One way to examine the distribution of income is to use a method called "The Lorenz Curve" and the related "Gini Coefficient". As part of this assignment, conduct your own research on what the Lorenz Curve is and how it can illustrate the degree of inequality in the distribution of income. What is the Gini Coefficient? What does it mean to compare Gini Coefficients across different nations, or across different periods in time for one nation? What does a Gini Coefficient close to 1 indicate? What does a Gini Coefficient close to 0 indicate
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