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The Lorenz curves for income distribution are as follows: Current lorenz curve: f(x) = x 2.3 Projected lorenz curve after change: g(x) = 0.4x +
The Lorenz curves for income distribution are as follows:
Current lorenz curve: f(x) = x2.3
Projected lorenz curve after change: g(x) = 0.4x + 0.6x2
Find the Gini index for each of the two curves. Explain if the projected change provides more equitable income distribution.
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