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The Lorenz curves for architects in North Carolina and dentists in North Carolina are graphed below. Which group has a better Gini Index (income distributed
The Lorenz curves for architects in North Carolina and dentists in North Carolina are graphed below. Which group has a better Gini Index (income distributed more equitably) and why?
The Lorenz curves for architects in North Carolina and dentists in North Carolina are graphed below. Which group has a better Gini Index (income distributed more equitably) and why? Select the correct statement (5 points). 0.8 0.6- Dentists 0.4 Architects 0.2- 0. 2 0.4 0.6 0.8 O A. Architects have a better Gini Index as their Lorenz curve is closer to the line y=x. O B. Architects have a better Gini Index as their Lorenz curve is closer to the x-axis. O C. Dentists have a better Gini Index as their Lorenz curve is closer to the x-axis. O D. Dentists have a better Gini Index as their Lorenz curve is closer to the line y=xStep by Step Solution
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