Graph x = y and the Lorenz curve of Problem 60 over the interval [0, 1]. Discuss the effect of the area bounded by x = y and the Lorenz curve getting larger relative to the equitable distribution of income
Problem
Income distribution:-
Find the Gini index of income concentration for the Lorenz curve with equation
![55_Equation 000.jpg](https://secure.tutorsglobe.com/CMSImages/55_Equation 000.jpg)