The Lorenz Curve for the Income Distribution in a Certain

question 321

Multiple Choice

The Lorenz curve for the income distribution in a certain country in 2005 is given by . Find the Gini coefficient of income for 2005 for this country. Round your answer to four decimal places. ​

• A) ​0.3576
• B) 0.4648
• C) 0.5614
• D) 0.2103
• E) 0.2668

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Definitions:

Defined Contribution

A type of retirement plan in which the amount contributed to the plan is specified, but the future benefit amount is not guaranteed, depending on investment returns.

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