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Lorenz curves also can be used to provide a relative measure of the distribution of the total assets of a country. Using data in a

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Lorenz curves also can be used to provide a relative measure of the distribution of the total assets of a country. Using data in a report by the economic committee of a certain country, an economist produced the following Lorenz curves ft the distribution of total assets in the country in 1963 and 1983. shown below. for) = X7 Lorenz curve for 1963 90:) = x11 Lorenz curve for 1983 - _ Find the Gini index oi income concentration for each Lorenz curve and interpret the results. '5 \"x. C What is the Gini index for 1953? D (Round to three decimal places as needed.) What is the Gini index for 1.933? D (Round to three decimal places as needed.) Interpret your results. 0 A. Total assets were distributed the same in 1963 as in 1983. O B. Total assets were more equally distributed in 1963 O C. Total assets'were more equally distributed in 1983

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