Note AcademyNote Academy
Start

Economics (AS & A Level) · Oct / Nov 2021 · Paper 31 · Question 15

9708Addressing income and wealth inequality

The diagram shows an economy's Lorenz curve (VW). The area of Y is three times bigger than the area of X. What is the value of the economy's Gini coefficient?

  1. A1/3
  2. B1/4
  3. C3/4
  4. D4/3

As printed in the paper

Show the answer

Correct answer: B. 1/4

Sit this whole paper →More on Addressing income and wealth inequality

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.