Draw the Lorenz curve and calculate the Gini coefficient for two countries based on the following decile
Question:
Draw the Lorenz curve and calculate the Gini coefficient for two countries based on the following decile income share data, where the poorest decile is on the left and the richest is on the right. What can you infer from the comparison of the Gini coefficients between these two countries?
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Step by Step Answer:
To draw the Lorenz curve and calculate the Gini coefficient we first need to organize the data and then follow these steps 1 Organize the Data Country ...View the full answer
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Tamil Elakkiya Rajendran
I'm currently involved in the research in the field of Biothermodynamics, Metabolic pathway analysis and computational Biology. I always prefer to share my knowledge whatever I have learnt through my degree whenever time permits.
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