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In a study on the effects of World War II on the U.S. economy, an economist used data from the U.S. Census Bureau to produce the following Lorenz curves for the distribution of U.S. income in 1935 and in 1947:

273_Equation 7.jpg

Find the Gini index of income concentration for each Lorenz curve and interpret the results.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92024476

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