What is a Lorenz curve? What is a Gini coefficient? If a country had a Gini coefficient

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What is a Lorenz curve? What is a Gini coefficient? If a country had a Gini coefficient of 0.48 in 1960 and 0.44 in 2020, would income inequality in the country have increased or decreased?

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Oct 11, 2023 06:41 AM

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What is a Lorenz curve? What is a Gini coefficient? If a country had a Gini coefficient

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A Lorenz curve and a Gini coefficient are both tools used to measure income inequality within a coun...View the full answer

Economics

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