Find the Gini coefficient of a 3-person country (country “a”) where the incomes are {1, 2, 3}, using graphical methods. A complete answer to this part includes a drawing of the Lorenz curve and 45 degree line, as well as calculations that show how the Lorenz curve was created and how the areas were figured out.

Answer rating: 100% (QA)

cumulahie share of Lime of Loranz Cuove cur... View the full answer