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Using a Lorenz Curve Diagram,explain How to Calculate the Gini

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Essay

Using a Lorenz curve diagram,explain how to calculate the Gini coefficient.


Definitions:

Charity Drive

A campaign organized to raise funds or collect goods for charitable purposes.

Donation

Voluntary giving of resources such as money, goods, or time to help individuals, organizations, or communities.

Total Purchase Price

The complete cost of acquiring an asset, including the price of the asset plus any additional fees or expenses involved in the purchase.

Square Yards

A unit of area measurement equal to a square measuring one yard on each side, used in the United States for land and flooring measurements.

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