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Solve the problem.
-Suppose that . If , what is ?
Gini Coefficient
An indicator of how unevenly income is distributed in a population, with 0 representing complete equality and 1 signifying absolute inequality.
Income Distribution
How a nation’s total GDP is distributed amongst its population, a key factor in understanding economic inequality and wealth distribution within a society.
Inequality
Refers to the uneven distribution of resources or opportunities within a society, often manifesting in disparities in income, wealth, health, and access to services.
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