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Answer to Question #59590 in Macroeconomics for ali

Question #59590
Gini Coefficient.
A = 0.2
Determine the Gini Coefficient...
Expert's answer
A = 0.2, B = 0.28, where A is the area between the diagonal and the Lorenz curve, B is the rest area under the diagonal.
Gini Coefficient G = A/(A + B) = 0.2/(0.2 + 0.28) = 0.476, so as G is lower than 0.5 and there an inequality.

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