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    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

    © BrainMass Inc. brainmass.com October 9, 2019, 5:33 pm ad1c9bdddf
    https://brainmass.com/economics/income-distribution/following-information-country-60810

    Solution Preview

    Please see the attached file.

    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 ...

    Solution Summary

    The expert draws the Lorenz curve for the case.

    $2.19