Neco Model Questions Vol1 2018 Economics Question 20
Practice objective / multiple choice question 20 from the 2018 Neco Model Questions Vol1 Economics examination.
The following data give the cumulative percentages of population and cumulative percentages of total income for a country: Population % : 0, 20, 40, 60, 80, 100 Income % : 0, 5, 15, 30, 55, 100 Assuming the Lorenz curve is formed by straight line segments joining these points, calculate the Gini coefficient for the country (give the answer to two decimal places).
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This is Neco Model Questions Vol1 2018 Economics Question 20. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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