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The Following Income Distribution Data Define Points on Lorenz Curves

question 273

Multiple Choice

The following income distribution data define points on Lorenz curves, where x represents the fraction of a certain country's population and L(x) the cumulative percent of income held by fraction x. Use this data and a numerical method to evaluate $The following income distribution data define points on Lorenz curves, where x represents the fraction of a certain country's population and L(x) the cumulative percent of income held by fraction x. Use this data and a numerical method to evaluate and hence to find the Gini coefficient of income for this country in 1995 and 2003. Round your answers to three decimal places. A) B) C) D) E) $ and hence to find the Gini coefficient of income for this country in 1995 and 2003. Round your answers to three decimal places. $The following income distribution data define points on Lorenz curves, where x represents the fraction of a certain country's population and L(x) the cumulative percent of income held by fraction x. Use this data and a numerical method to evaluate and hence to find the Gini coefficient of income for this country in 1995 and 2003. Round your answers to three decimal places. A) B) C) D) E) $

Definitions:

Nursing Home Residents

Individuals living in a facility that provides a range of personal and medical care services for people who are unable to live independently.

United States

A country in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Trend

A general direction in which something is developing or changing.

An additional quantity, amount, or number of something, often used to indicate excess or the desire for additional items or information.