What is the relationship between a Gini coefficient and a Lorenz curve?
Answer to relevant QuestionsThe case for inequality can be made on the grounds that equality stymies economic growth. Explain. What is the difference between nominal and real GDP? Calculate the GDP deflator for the following years for the Canadian economy, using 2001 as the base year. In what ways do NDP and national income pro vide more specific information about an econo my's performance than does GDP? Give an example of transitory income. What effect does this income have on the marginal propensity to consume?
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