How does the Gini ratio relate to the Lorenz curve Why cant the Gini ratio exceed 1 What
Chapter 23, Problem 3(choose chapter or problem)
How does the Gini ratio relate to the Lorenz curve? Why cant the Gini ratio exceed 1? What is implied about the direction of income inequality if the Gini ratio declines from 0.42 to 0.35? How would one show that change of inequality in the Lorenz diagram? LO23.1
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