Economy, asked by Nwadiya, 6 months ago

1.5. What is the relationship between the Lorenz curve and the Gini coefficient?

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Answered by kiraneasyday

Explanation:

The more the Lorenz curve deviates from the line of equality, the higher will be the resulting value of the Gini coefficient. A coefficient of 1 (or 100%) represents a perfectly unequal society wherein all income is earned by one individual.

Answered by subbaraju2727

Answer:

sorry I can't understand

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1.5. What is the relationship between the Lorenz curve and the Gini coefficient?​

Answers

1.5. What is the relationship between the Lorenz curve and the Gini coefficient?