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In an effort to make the distribution of income more nearly equal, the government of a country passes a tax law that changes the Lorenz curve from

y = 0.97x2.1 for one year to y = 0.36x2 + 0.64x for the next year. Find the Gini coefficient of income for both years. (Round your answers to three decimal places.)

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  • Submitted On 03 Aug, 2018 03:13:30
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