(Answered) Consider the following land distribution data for a

Economics

Consider the following land distribution data for a developing country:

Holding size % Holdings % Holdings Area CUMUL

Less than 1 50 5 5

1-2 20 10 15
2-10 15 15 30
10-100 10 20 50
GT 100 5 50 100

a. Find the Gini coefficient

b. If ten percent of the land of the farms in the top 5% (measured by size) were transferred equally to the poorest 50% of farmholds what happens to inequality?

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Microeconomics, Economics

Category:- Microeconomics
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