Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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In an effort to make the distribution of income more nearly equal, the government of a country passes a tax law that changes the Lorenz curve from
y = 0.95x2.1
for one year to
y = 0.32x2 + 0.68x
for the next year. Find the Gini coefficient of income for both years. (Round your answers to three decimal places.)Expert Solution
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