Question: Using the axes from a Lorenz curve, draw a. The Lorenz curve for perfect equality. b. The Lorenz curve for perfect inequality. c. A Lorenz

Using the axes from a Lorenz curve, draw
a. The Lorenz curve for perfect equality.
b. The Lorenz curve for perfect inequality.
c. A Lorenz curve for some inequality.
d. For the curve used in c, show which ratio of areas equals the Gini coefficient.

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