The Lorenz curve for the income distribution in a certain

Last updated: 4/10/2023

The Lorenz curve for the income distribution in a certain country is given by 3 f x x x 1 Find the Gini index of income concentration II Use the answer found in 1 to determine if the income of this country is more equally distributed less equally distributed or distributed the same as a second country having an index of income concentration of 0 2 O 1 0 33 II more equally distributed 1 0 25 II more equally distributed 1 0 25 II less equally distributed 1 0 33 II less equally distributed