Answer to Question #59591 in Macroeconomics for ali

Question #59591
Gini Coefficient. B = 0.28 Determine the Gini Coefficient.
1
Expert's answer
2016-05-09T12:33:03-0400
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 Gini Coefficient is lower than 0.5 and there is an inequality.

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