Solved: How lorenz curves and gini coefficients can be used, Microeconomics

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How lorenz curves and gini coefficients can be used

Problem

What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality and inequality in a nation's distribution of income

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How lorenz curves and gini coefficients can be used

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