Question 1 An economy with 5 people has four people in low-paying jobs and one in a high-paying job, with the resulting income distribution y=(1,1,1,1,6). The Gini coefficient of Not yet income inequality in this economy is answered Marked out of 4.0 Answer: Flag question Question 2 Now a second high-paying job opens up, and results in the new income distribution z=(1,1,1,6,6). The inequality of income, according to the Gini coefficient has Not yet answered Select one: Marked out of O a. increased 3.0 Flag O b. Stayed the same question O c. Decreased O d. Cannot be determined from the data provided O e. We should not say, the central leadership discourages such comparisons Clear my choice Question 3 The relation between the Lorenz curves for the two distributions is as follows: Not yet answered Select one: Marked out of O a. The first Lorenz curve (for 11116) lies inside the second Lorenz curve (for 11166). 3.0 Flag O b. The second Lorenz curve lies inside the first Lorenz curve question O c. The two Lorenz curves coincide (are identical) O d. The two Lorenz curves cross O e. It's complicated