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Lorenz Curve and Gini Coefficient
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Lorenz Curve and Gini Coefficient
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16. Income Inequality and Poverty / Lorenz Curve and Gini Coefficient / Problem 7
Problem 7
In a real-world scenario, if a country's Lorenz curve is very close to the line of equality, what can be inferred about its income distribution?
A
The country's income distribution is random.
B
The country has a high level of income inequality.
C
The country has a low GDP.
D
The country has a relatively equal income distribution.
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