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The Lorenz curve for the income distribution in a certain country is given by 3 f(x) = x+x. 1) Find the Gini index of
The Lorenz curve for the income distribution in a certain country is given by 3 f(x) = x+x. 1) Find the Gini index of income concentration. II) Use the answer found in 1) to determine if the income of this country is more equally distributed, less equally distributed, or distributed the same as a second country having an index of income concentration of 0.2. O 1) 0.33 II) more equally distributed I) 0.25 II) more equally distributed 1) 0.25 II) less equally distributed 1) 0.33 II) less equally distributed
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