Question: ty-ped and correct answer please. I will rate accordingly... this is my last attempt. 100 Lorenz Curve 80 60 Cumulative Percentage of Income 9 40

ty-ped and correct answer please. I will rate accordingly... this is my last attempt.

100 Lorenz Curve 80 60 Cumulative Percentage of Income 9 40 Area = "A" 20 Cumulative Percentage 20 40 60 80 100 of households Use the graph above. Assume the "A" in the graph labeled above is 0.12 (note that area "A" is the area between the line of perfect equality and the Lorenz Curve). Calculate the Gini Coefficient. Hint: convert the percentage of households and percentage of income to a ratio (100% = 1) prior to using the Gini Coefficient equation

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