The Lorenz Curve for the Income Distribution in a Certain

question 128

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:

Progressive

A term that may refer to a system or policy where the rate increases as the taxable amount increases, often used in the context of taxation or a general approach promoting change or innovation.

State Government Revenue

The income received by state governments, which can come from taxes, fees, and other sources.

Local Government Revenue

The income generated by local governments from taxes, fees, and grants to fund public services and infrastructure.

Taxes in The U.S.

Various compulsory financial charges imposed by the government on individuals and organizations to fund public expenditures.