Question

Consider two countries, say, Freedonia and Amazonia. The income distributions for these countries are as follows:...

Consider two countries, say, Freedonia and Amazonia. The income distributions for these countries are as follows:

Population

Freedonia

Amazonia

Poorest 5%

5.0%

1.0%

Next 20%

5.0%

4.0%

Next 25%

20.0%

10.0%

Next 25%

30.0%

15.0%

Next 20%

20.0%

30.0%

Top 5%

20.0%

40.0%

What is the Gini coefficient for both countries?

Freedonia: 0.11; Amazonia: 0.78

Freedonia : 0.27; Amazonia: 0.57

Freedonia: 0.25; Amazonia: 0.5

Freedonia: 0.70; Amazonia: 0.85

Freedonia: 0.57; Amazonia: 0.30
Math   Statistics-And-Probability   
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