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Lorenz Curve and Gini Coefficient
SOLVED: The table shows three alternative distributions of land ownership in a village with 100 people and 100 hectares of land. Draw the Lorenz curves for each case. For cases I and II, calculate the Gini coefficient. For case II, show on the Lorenz curve diagram how the Gini coefficient can be calculated. Note that this is exercise 5.9 for CORE Project: The Economy. Case I: 15 people own 6.67 hectares, 85 people own nothing.Case II: 36 people own 1 hectare, 21 people own 3.05 hectares, 43 peop
SOLVED: The table shows three alternative distributions of land ownership in a village with 100 people and 100 hectares of land. Draw the Lorenz curves for each case. For cases I and II, calculate the Gini coefficient. For case II, show on the Lorenz curve diagram how the Gini coefficient can be calculated. Note that this is exercise 5.9 for CORE Project: The Economy. Case I: 15 people own 6.67 hectares, 85 people own nothing.Case II: 36 people own 1 hectare, 21 people own 3.05 hectares, 43 peop
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