On a Lorenz Curve Graph, the Area Between the Line

question 74

Essay

On a Lorenz curve graph, the area between the line of equality and the Lorenz curve is 2,000, and the entire area beneath the line of equality is 5,000. What does the Gini ratio equal?

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Definitions:

Electronic Shopping Cart

A feature of online stores that allows users to select and accumulate items they wish to purchase virtually before proceeding to checkout.

Notary

A public officer authorized to witness the signing of documents and to administer oaths, ensuring the authenticity of the signatures.

Acknowledgment

The official recognition by a notary public that another’s signature was made by that party’s free will. The acknowledgment is accomplished when the notary has signed the document and added the official seal to it.

Cyber-Agreement

A contract or agreement formed and existing in a digital format, often executed online.