Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Suppose you have an economy where 1/4 of the population earns $0a year and 3/4 earns $100 a year. What is the Gini coefficient?0.1250.250.500.75

A numerical indicator of income disparity within a population is the Gini coefficient. Its range is…

Answered: Suppose you have an economy where 1/4…

Suppose you have an economy where 1/4 of the population earns $0 a year and 3/4 earns $100 a year. What is the Gini coefficient? 0.125 0.25 0.50 0.75

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter15: The Distribution Of Income And Poverty

Section15.2: Measuring Income Equality

Problem 2ST

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Answer completely.
You will get up vote for sure.

Suppose you have an economy where 1/4 of the population earns $0
a year and 3/4 earns $100 a year. What is the Gini coefficient?
0.125
0.25
0.50
0.75

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