Question: Question 1 . ( 2 0 points ) The Gini coefficient ( index ) is a measurement of income inequality. Its value ranges between 0
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The Gini coefficient index is a measurement of income inequality. Its value ranges between and where indicating perfect equality and 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 Yaxis to the percentage of population Xaxis Here we name the Lorenz Curve as the CLine, and the Gini coefficient as Gamma With the information given, try to finish the following questions.
To calculate Gamma, we also need a degree diagonal line within the diagram of income distribution. Suppose we label this diagonal line as DLine. What the DLine represent for?
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