Question: 11. Consider two hypothetical countries X and Y. In the following graph, the income distribution of country X is described by the Lorenz curve that

11. Consider two hypothetical countries X and Y. In the following graph, the income distribution of country X is described by the Lorenz curve that is represented by the solid line between area A and area B; the income distribution of country Y is described by the Lorenz curve that is represented by the dash line between area B and area C. % of cumulative income 450 C % of population Suppose the areas of A and C are 0.125 and 0.265 respectively. The Gini coefficient of Country X is 0.25. Which of the following statements is correct? (s) Country Y has a more equal distribution of income. (b) The Gini coefficient of Country Y is 0.125. (c) The Gini coefficient of Country Y is 0.235. (d) The Gini coefficient of Country Y is 0.24. (e) The Gini coefficient of Country Y is 0.25. (f) The Gini coefficient of Country Y is 0.27. (g) The Gini coefficient of Country Y is 0.46. (h) The Gini coefficient of Country Y is 0.47. (i) The Gini coefficient of Country Y is 0.50. (j) The Gini coefficient of Country Y is 0.52. (k) The Gini coefficient of Country Y is 0.53

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