Question: answer questions 8 and 9 2(x - ax) dx O Year Gini Coefficient 1970 0.92 1.96 0.804 1980 0.899 1.94 0.388 1990 0.878 1.99 0.412

answer questions 8 and 9

2(x - ax) dx O Year Gini Coefficient 1970 0.92 1.96 0.804 1980 0.899 1.94 0.388 1990 0.878 1.99 0.412 2000 0.848 2.01 0.437 2010 0.847 2.07 0.448 Question 8) ) Create a plot of all the Lorenz curves, along with the line of equality using your spreadsheet. Question 9. Describe the trend of income distribution in the U.S. referencing both the Gini coefficients and the Lorenz curves. What conclusions can you draw? What are the implications of your results
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
