ECON U2 IPOctober 8, 2020
Question 5 Will and Davy are playing the following game of Liar’s poker with the following A deck of cards consisting of 4 kings and…October 8, 2020
Read the discussion of the Lorenz curve in Chapter 14, then look up on the web the GINI COEFFICIENT for your country and compare it with the GINI COEFFICIENT for a couple of other countries. A listing of the Gini coefficients can be found here: https://www.cia.gov/library/publications/the-world-factbook/fields/2172.html What accounts for the differences?
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