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Discuss the effect of the area bounded by x y and the


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

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