Solved: A from the information provided please derive a lorenz, Electrical Engineering

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A from the information provided please derive a lorenz

1. Suppose that the economy of Loserville has the following distribution of income:

first quintile 5% of aggregate income

second quintile 5% of aggregate income

third quintile 10% of aggregate income

fourth quintile 20% of aggregate income

fifth quintile 60% of aggregate income

a. From the information provided, please derive a Lorenz Curve for Loserville. Show graphically.

b. From the Lorenz Curve you have drawn, find the Gini Coefficient.

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Electrical Engineering: A from the information provided please derive a lorenz

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Electrical Engineering: A from the information provided please derive a lorenz

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