Gini coefficient
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Assume that you have the following information about a country:
Percentile of population Income in Billions %share cumm value
Bottom 20% $300 5% 5%
2nd 20% 500 8 13
3rd 20% 900 15 28
4th 20% 1,500 25 53
5th 20% 2,800 47 100
a) draw the lorenz curve for this case (This is the part I did)
b) calculate the Gini coefficient
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Solution Summary
The expert draws the Lorenz curve for the case.
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Assume that you have the following information about a country:
Percentile of population Income in Billions %share cumm value
Bottom 20% $300 5% 5%
2nd 20% 500 8 13 ...
Purchase this Solution
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