Question: Question Parts: Part A. The US Census reports that the bottom 60% of the population earn 27% of the income. What is the Gini coefficient

Question Parts:

Part A. The US Census reports that the bottom 60% of the population earn 27% of the income. What is the Gini coefficient for this limited data?

Part B. You look further, and also find that the bottom 20% of the population earn 3% of the income, and the to p20% earn 51% of the income. What is the new Gini coefficient with these extra data?

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Question Parts:Part A. The US Census reports that the bottom 60% of

8. The US Census reports that the bottom 60% of the population earn 27% of the income. What is the Gini coefficient for this limited data? 33.0 9. You look further, and also find that the bottom 20% of the population earn 3% of the income, and the top 20% earn 51% of the income. What is the 42.4 new Gini coefficient with these extra data? [2 pts. ]

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