Business, 21.03.2020 09:20 Rusven

The national income distribution in Ghana in 2016 follows a Lorenz curve y = L(x) which passes through these points: x 0 0.2 0.4 0.6 0.8 1 y 0 0.047 0.143 0.291 0.514 1 Use the Trapezoid Rule to estimate the GINI Index for Ghana in 2016. The national income distribution in the United States in 2016 follows a Lorenz curve y = L(x) which passes through these points: x 0 0.2 0.4 0.6 0.8 1 y 0 0.05 0.152 0.305 0.531 1 Use the Trapezoid Rule to estimate the GINI Index for the United States in 2016. Compared with Ghana, was the income distribution in the United States in 2016 more equal or less equal? less equal more equal Data for this problem is provided by Poverty and Equity database, The World Bank

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The national income distribution in Ghana in 2016 follows a Lorenz curve y = L(x) which passes throu...

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