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Q1. In a certain country, the population consists of five green people and five blue people. Each green person has an income of $1 per

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Q1. In a certain country, the population consists of five green people and five blue people. Each green person has an income of $1 per year. Each blue person has an income of $3 per year. (a) Draw a Lorenz curve for this country. (b) On your diagram, indicate clearly what area you would divide by what other area to calculate the Gini coefficient. (c) Calculate the Gini coefficient

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