In an effort to make the distribution of income more nearly equal, the government of a country passes a tax law that changes the Lorenz curve from for 2004 to for 2005. Find the Gini coefficient of income for both years. Round your answer to six decimal places.
A) 2004: 0.331754 2005: 0.234910
B) 2004: 0.434783 2005: 0.316194
C) 2004: 0.268199 2005: 0.186871
D) 2004: 0.225080 2005: 0.155144
E) 2004: 0.630631 2005: 0.483492

Question

In an effort to make the distribution of income more nearly equal, the government of a country passes a tax law that changes the Lorenz curve from  for 2004 to  for 2005. Find the Gini coefficient of income for both years. Round your answer to six decimal places. ​
A) 2004: 0.331754 2005: 0.234910 
B) 2004: 0.434783 2005: 0.316194 
C) 2004: 0.268199 2005: 0.186871 
D) 2004: 0.225080 2005: 0.155144 
E) 2004: 0.630631 2005: 0.483492

Quizplus · Accepted Answer

The Answer of In an effort to make the distribution of income more nearly equal, the government of a country passes a tax law that changes the Lorenz curve from  for 2004 to  for 2005. Find the Gini coefficient of income for both years. Round your answer to six decimal places. ​
A) 2004: 0.331754 2005: 0.234910 
B) 2004: 0.434783 2005: 0.316194 
C) 2004: 0.268199 2005: 0.186871 
D) 2004: 0.225080 2005: 0.155144 
E) 2004: 0.630631 2005: 0.483492

In an Effort to Make the Distribution of Income More