Income distribution. Graph y = x and the Lorenz curve of Problem over the interval [0, 1]. Discuss the effect of the area bounded by y = x and the Lorenz curve getting smaller relative to the equitable distribution of income.
Problem:-
Income distribution. Find the Gini index of income concentration for the Lorenz curve with equation
![2204_Equation 01.jpg](https://secure.tutorsglobe.com/CMSImages/2204_Equation 01.jpg)