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The Gini index of income concentration for the Lorenz curve with equation y = xe is 0.658. Interpret these results with both a graph

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The Gini index of income concentration for the Lorenz curve with equation y = x"e " is 0.658. Interpret these results with both a graph and a description of the graph. Graph the Gini index of income concentration for the given Lorenz curve. Choose the correct graph below O A. OB. O C. O D. Q Q y = x y = x = X y =x y=x/ex$1 y=>ext1 Describe the Gini index of income concentration in the graphical representation. Choose the correct answer below. O A. The area bounded by y = x and the Lorenz curve y = X"ex, from x = 0 to x = 1 O B. The area bounded by y = x and the Lorenz curve y = x"ex -, divided by the area under the graph of y = x from x = 0 to x = 1 C. The area bounded by y = x and the Lorenz curve y = x"e , multiplied by the area under the graph of y = x from x = 0 to x = 1 O D. The area bounded by y = x and the Lorenz curve y = x e* ', from x = 0 to x = co Interpret the Gini index of income concentration for the Lorenz curve with equation y = x ex-1 The closer the index is to 0, the more the income is, and the closer the index is to 1, the more the income is. equally distributed concentrated Next

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