3. How does the Gini ratio relate to the Lorenz curve? Why cant the Gini ratio exceed...

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3. How does the Gini ratio relate to the Lorenz curve? Why can’t the Gini ratio exceed 1? What is implied about the direction of income inequality if the Gini ratio declines from 0.42 to 0.35?

How would one show that change of inequality in the Lorenz diagram? LO23.1

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Sep 30, 2024 10:04 AM

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3. How does the Gini ratio relate to the Lorenz curve? Why cant the Gini ratio exceed 1? What is implied about the direction of income inequality if the Gini ratio declines from 0.42 to 0.35? How...
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3. How does the Gini ratio relate to the Lorenz curve? Why cant the Gini ratio exceed...

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