Question: f ( x ) = x 2 . 7 Lorenz curve for 1 9 3 5 g ( x ) = x 1 . 6

f(x)=x2.7 Lorenz curve for 1935
g(x)=x1.6 Lorenz curve for 1947
Find the Gini index of income concentration for each Lorenz curve and interpret the results.
What is the Gini index for 1935?
(Round to three decimal places as needed.)
What is the Gini index for 1947?
(Round to three decimal places as needed.)
Interpret your results.
A. Income was distributed the same in 1935 as in 1947.
B. Income was more equally distributed in 1935.
C. Income was more equally distributed in 1947.
f ( x ) = x 2 . 7 Lorenz curve for 1 9 3 5 g ( x

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