Question: Question 1 . ( 2 0 points ) The Gini coefficient ( index ) is a measurement of income inequality. Its value ranges between 0

Question 1.(20 points)
The Gini coefficient (index) is a measurement of income inequality. Its value ranges between 0 and 1, where 0 indicating perfect equality and 1 as perfect inequality. To calculate the Gini coefficient, we need the Lorenz Curve which graphically shows the distribution of income. It is usually represented as the portion of income (Y-axis) to the percentage of population (X-axis). Here we name the Lorenz Curve as the C-Line, and the Gini coefficient as (Gamma). With the information given, try to finish the following questions.
(1) To calculate Gamma, we also need a 45-degree diagonal line within the diagram of income distribution. Suppose we label this diagonal line as D-Line. What the D-Line represent for?
Question 1 . ( 2 0 points ) The Gini coefficient

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