1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz...

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1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz curve sags lower, does that mean the economy is more

business economics

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Answer 1

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1a. The more the lorenz curve sags down away from the line of equality, higher the inequality will be.

1b.

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