Subject: Macroeconomic - Gini Index

Define the Gini indicator, how it is constructed and represent it graphically. Be explicit in all the elements that compose it. If the following economic events are broadly presented by pandemic: a. The incomes of the poorest are reduced by quarantines as they are unable to attend their jobs. b. The incomes of the wealthiest are maintained as they have the technology to maintain telework (or remote work). How will both situations together impact the evolution of the Gini index? What will happen to the Lorenz curve? Graph a baseline situation and a post-pandemic situation and argue. If necessary, use the following table: Gini Index in Chile Year Index 2002 0.507 2017 0.454