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Compute the coefficient of inequality for this lorentz curve

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Reference no: EM131637635

Question: INCOME DISTRIBUTION OF A COUNTRY A certain country's income distribution is described by the function

f(x) = ((17/18)x2 + (1/18)x)

a. Sketch the Lorentz curve for this function.

b. Compute f(0.3) and f(0.6) and interpret your results.

c. Compute the coefficient of inequality for this Lorentz curve.

Reference no: EM131637635

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