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(a) Show that the relation is an equivalence relation on the set of real numbers.
(b) What are the equivalence classes of
Gini Ratio
A numerical measure of the overall dispersion of income among households, families, or individuals; found graphically by dividing the area between the diagonal line and the Lorenz curve by the entire area below the diagonal line.
Income Inequality
The uneven allocation of income among households or individuals within an economic system.
Lorenz Curve
A graphical representation of the distribution of income or wealth within a society, indicating inequality.
Noncash Transfers
Benefits provided by the government to individuals in forms other than direct cash, such as food stamps or medical aid.
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