Solved: What relationship between lorenz curve and gini coefficient, Macroeconomics

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What relationship between lorenz curve and gini coefficient

Problem

What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality and inequality in a nation's distribution of income.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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