In Discussion section, you learned how to calculate the Gini coefficient using a covariance-based formula. You
can also calculate the Gini coefficient by hand using a pairwise approach. A 2-page pdf describing this
approach and the steps involved is available on Canvas. Using this method, calculate the Gini coefficient for
the economy. Next, describe a regressive transfer and explain what possible changes would result from this
transfer for the Lorenz curve and the Gini coefficient.
I will attach the 2-page pdf.
There is no need to fill in the number of characters. You can get answers for each step of the attached file.
One Ture/False and justify briefly(one or two sentences).
- The Human Development Index (HDI) is a multi-dimensional way to measure poverty -
Sample Solution