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Economics

Suppose 40 percent of a population all receive an equal share of p percent of the nation’s income, where 50 ≤ p ≤ 100. The remaining 60 percent of population also shares the rest of the income equally.

(a) For any such p, what is the Gini coefficient for the country?

(b) For any such p, what is the 90 – 10 wage gap and 50-10 wage gap?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91675853

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