Economy, asked by mthandeka264, 5 months ago

what is the relationship between the lorenz curve and the gini coefficient

Answers

Answered by lohardibyendu

Answer:

The Gini coefficient is the ratio of the area between the line of perfect equality and the observed Lorenz curve to the area between the line of perfect equality and the line of perfect inequality. The higher the coefficient, the more unequal the distribution is.

Explanation:

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