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The COVID pandemic has led to rapid adoption of technology that benefits the relatively skilled. Present new Lorenz curves to illustrate how the adoption of
The COVID pandemic has led to rapid adoption of technology that benefits the relatively skilled. Present new Lorenz curves to illustrate how the adoption of this technology may affect market income inequality. Assume the economy comprises unemployed, workers and employers. In this analysis, assume that the unemployed receive no wage or other market income [4 marks] PRESENT LORENZ CURVE SHOWING BEFORE AND AFTER ADOPTION OF TECNOLOGY
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