Find the gini index of income concentration for lorenz curve

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Lorenz curves also can provide a relative measure of the distribution of a country s total assets. Using data in a report by the U.S. Congressional Joint Economic Committee, an economist produced the following Lorenz curves for the distribution of total U.S. assets in 1963 and in 1983:

Find the Gini index of income concentration for each Lorenz curve and interpret the results.

Reference no: EM131269728

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