Economics (AS & A Level) · Oct / Nov 2023 · Paper 31 · Question 29
9708Addressing income and wealth inequality
A Lorenz curve measures the income distribution in a country. The further the Lorenz curve is from the line of absolute equality, the greater the level of inequality. What is the value of the Gini coefficient when the Lorenz curve is at line 2?
- A\frac{F + G}{H}
- B\frac{F + G}{F + G + H}
- C\frac{G}{G + H}
- D\frac{H}{F + G + H}
As printed in the paper
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Correct answer: B. \frac{F + G}{F + G + H}
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