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The Following Diagram Shows Three Lorenz Curves for Countries A,B,and

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Essay

The following diagram shows three Lorenz curves for countries A,B,and C.The area between the Lorenz curve and the diagonal is 1,000 for Country A,2,000 for Country B,and 2,500 for Country C.(The entire area under the diagonal is 5,000 because the area of the triangle is ½ × (base × height)= ½ × (100 × 100)= 5,000. )
(1)Calculate the Gini coefficient for each country.
(2)Based on the Gini coefficient,which country has the most equal distribution of income? Which country has the least? The following diagram shows three Lorenz curves for countries A,B,and C.The area between the Lorenz curve and the diagonal is 1,000 for Country A,2,000 for Country B,and 2,500 for Country C.(The entire area under the diagonal is 5,000 because the area of the triangle is ½ × (base × height)= ½ × (100 × 100)= 5,000. ) (1)Calculate the Gini coefficient for each country. (2)Based on the Gini coefficient,which country has the most equal distribution of income? Which country has the least?

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Definitions:

Attributions

The process by which people explain the causes of their own and others' behaviors, often categorizing these explanations into internal or external factors.

Emotional Responses

Reactions governed by feelings, such as happiness, anger, or sadness, in response to stimuli or thoughts.

External Factor

An influence originating outside an individual or system that can impact the outcome of processes or behaviors.

Internal Factor

An influence originating from within a person, such as beliefs, desires, and personality traits, affecting their behavior and attitudes.

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