: In order to study the effects of World War II on a certain country’s economy, an economist used data from that country’s census bureau
: In order to study the effects of World War II on a certain country’s economy, an economist used data from that country’s census bureau to
produce the following Lorenz curves for the distribution of income in 1935 and 1947.
f(x) = x2.9 Lorenz curve for 1935
g(x) = x1.7 Lorenz curve for 1947
Find the Gini index of income concentration for each Lorenz curve and interpret the results.
…..
is the Gini index for 1935?
(Round to three decimal places as needed.)
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