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Unformatted text preview: likely to lose their jobs and be affected more greatly than the high end of the curve. 2. The Gini Coefficient for 2009 is 0.468 and the Gini coefficient for 1970 is 0.394. This stays consistent with the Lorenz curve because it is consistent with the distribution of wealth. The greater the Gini coefficient is means there is greater inequality. Over the thirty-nine year span, the Lorenz curve bowed more and shows that the top twenty percent of households holds a greater percentage of income....
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This note was uploaded on 08/29/2011 for the course ECON 102 taught by Professor Yotsubo during the Spring '08 term at Rutgers.
- Spring '08