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Carefully graph the lorenz curve

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(a) Carefully graph the Lorenz curve, labeling the axes. (Hint: make the data in ascending order before creating decile group)

(b) Find the Gini coefficient and comments on it.

(c) Calculate the poverty rate using the poverty line, BDT. 100. How much money does the government require to eliminate poverty?

(d) If we increase the 25% income of the first 2 decile groups, what is the impact on poverty and inequality? Show your calculations.

Reference no: EM132955770

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