Consider the following income distributions: A) Plot the Lorenz Curves for 1990 and for 2000. Be sure

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Consider the following income distributions:

A) Plot the Lorenz Curves for 1990 and for 2000. Be sure to label your graph clearly.

B) Calculate the Gini coefficient for 1990 and for 2000 (the area between the Lorenz curve and the outside of the box is 0.33 for 1990 and 0.27 for 2000).

C) What do you conclude about changes in income inequality form 1990 to 2000?

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Question Posted: Aug 05, 2013 03:38 AM

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Consider the following income distributions: A) Plot the Lorenz Curves for 1990 and for 2000. Be sure

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A Lorenz Curves B The Gini coefficient is calculated usin...View the full answer

Intermediate Microeconomics

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