Question 3 A metropolitan city's Lorenz curve can be modeled by the function L (x ) =x3.4. (Express ALL answers as percents rounded to two
Question 3 A metropolitan city's Lorenz curve can be modeled by the function L (x ) =x3.4. (Express ALL answers as percents rounded to two decimal places.) A. Find the percentage of income controlled by the poorest 10%. The percentage of income controlled by the poorest 10% is B. Find the percentage of income controlled by the richest 25%. The percentage of income controlled by the richest 25% is C. Find the Gini Index for this city. The Gini Index for this city is
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