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Suppose the distribution of income changes such that area b is twice as large as area a. what is the value of the gini ratio?

Sagot :

Parrain

If the distribution of income changes such that Area B is twice as large as Area A, the value of the GINI ratio will be 0.24.

What is the GINI ratio?

The GINI ratio is used to describe the way that the income of a nation is distributed across its population.

If the area of B is twice as large as that of A, the GINI ratio is:

= A / (A + B)

Solving gives:

= 1,200 / 5,000

= 0.24

Find out more on the GINI ratio at https://brainly.com/question/16287955

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