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What are the labels of the axes on the Lorenz curve? What is the formula for the Gini coefficient? What is a regressive tax and

  1. What are the labels of the axes on the Lorenz curve?
  2. What is the formula for the Gini coefficient?
  3. What is a regressive tax and what is a progressive tax? Give examples of each.
  4. How has globalization increased inequality in developed economies? Refer to deindustrialization in your answer.

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