Question: Income distribution. Using data from the U.S. Census Bureau, an economist produced the following Lorenz curves for the distribution of U.S. income in 1962 and

Income distribution. Using data from the U.S. Census Bureau, an economist produced the following Lorenz curves for the distribution of U.S. income in 1962 and in 1972:
Income distribution. Using data from the U.S. Census Bureau, an

Find the Gini index of income concentration for each Lorenz curve and interpret the results.

x+ x2 f(x)= g( Lorenz curve for 1962 10- x)=|x+1x2 Lorenz curve for 1972

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