Note AcademyNote Academy
Start

Economics (AS & A Level) · May / June 2023 · Paper 33 · Question 30

9708Addressing income and wealth inequality

The diagram shows a Lorenz curve with two areas, X and Y, identified. How is the corresponding Gini coefficient calculated?

  1. AX divided by (X plus Y)
  2. B(X plus Y) divided by X
  3. C(X plus Y) divided by Y
  4. DY divided by (X plus Y)

As printed in the paper

Show the answer

Correct answer: A. X divided by (X plus Y)

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.