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With solution and explanation a. Determine the Lorenz curve for the entire family in year 1 and year 2. b. Find out the values of

With solution and explanation
a. Determine the Lorenz curve for the entire family in year 1 and year 2.
b. Find out the values of Gini coefficients for year 1 and year 2
FAMILY INCOME IN YR.1 INCOME IN YR.2 0 1 10000 20000 2 15000 25000 3 20000 30000 4 30000 40000 40000 50000 50000 70000 7 60000 90000 8 80000 110000 9 100000 210000 10 200000 410000 11 400000 410000 12 500000 1000000

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