Income distribution of a country a certain countrys income


Question: INCOME DISTRIBUTION OF A COUNTRY A certain country's income distribution is described by the function

f(x) = ((17/18)x2 + (1/18)x)

a. Sketch the Lorentz curve for this function.

b. Compute f(0.3) and f(0.6) and interpret your results.

c. Compute the coefficient of inequality for this Lorentz curve.

Solution Preview :

Prepared by a verified Expert
Mathematics: Income distribution of a country a certain countrys income
Reference No:- TGS02433171

Now Priced at $15 (50% Discount)

Recommended (99%)

Rated (4.3/5)