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pletion status: QUESTION 1 10 points Save Answer Question 1 - Inequality [10 marks] [a] Explain the concepts of the Lorenz curve' and 'Gini coefficient.

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pletion status: QUESTION 1 10 points Save Answer Question 1 - Inequality [10 marks] [a] Explain the concepts of the Lorenz curve' and 'Gini coefficient. In answering this question, explain the difference between a flatter Lorenz curve and a bent concave Lorenz curve (i.e., pointing to the right of a diagram). (5 marks] (b) List and discuss two policies for reducing poverty. (5 marks) For the toolbar, press ALT+F10 [PC) or ALT+FN+F10 [Mac]. B I US Paragraph Open Sans,sa.. 10pt EVE A ... Click Save and Submit to save and submit. Click Save All Answere to save all answers

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