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Tasya [4]
2 years ago
15

In this Lorenz Curve, the formula for the GINI coefficient is: (Yellow Area) / (Yellow Area + Green Area). If the Yellow Area is

0.1 and the Green Area is 0.4, what is the GINI coefficient?
Business
1 answer:
Flauer [41]2 years ago
6 0

Answer: 0.2

Explanation:

The Gini coefficient also referred to as the Gini index is a statistical measure of distribution that depicts economic inequality through the measure of income distribution or wealth distribution among the population. Gini coefficient ranges from 0 to 1, with 0 meaning perfect equality and 1 meaning perfect inequality. Gini coefficient values over 1 are also possible as a result of negative income or wealth.

Since the formula for the GINI coefficient in the Lorenz curve has been given as: (Yellow Area) / (Yellow Area + Green Area) and yellow area is 0.1 and green area is 0.4.

Gini coefficient= 0.1 /(0.1+0.4)

= 0.1/0.5

= 0.2

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mina [271]

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The correct answer is C

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Mel’s Diner is a popular café that specializes in home-cooked meals, friendly service, and a menu that contains vegan and vegeta
Katyanochek1 [597]

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8 0
2 years ago
Justin signed a finance agreement for his recent purchase.what is the collateral for his loan?
gayaneshka [121]

Answer:

According to the guarantees, the following types of loans can be distinguished:

-Loans with personal guarantee.

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Explanation:

The loans with personal guarantee the borrower recognizes the whole of his patrimony, be it the goods and the present and future rights in a general way. In the case of loans with collateral, a specific asset or right is together with the payment of the loan in the event that the borrower cannot pay the obligations contracted.

The fundamental modality is that of loans with a mortgage guarantee, in which the guarantee is a property. In this way, the loan installments are not met. The mortgage, which to be acts as a burden that is associated with the property, in such a way that, if someone obtains the property on which they have a mortgage, they could lose their property if the debt is not paid.

3 0
2 years ago
The following data are for a series of increasingly extensive flood control projects:
igomit [66]

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8 0
2 years ago
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