In 1969, after the Great Society initiatives of the Johnson administration, the Lorenz curve for the U.S.
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In 1969, after the "Great Society" initiatives of the Johnson administration, the Lorenz curve for the U.S. income distribution was L(x)=x2.1936. In 2000, after the stock market's historic 10-year growth, the Lorenz curve for the U.S. income distribution was L(x)=x2.4870. Find the Gini coefficient of income for both years, and determine in which year income was more equally distributed.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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