A Gini coefficient of zero would be disastrous in an economy. A Gini coefficient of one would also be disastrous in an economy. Is there a 'sweet spot' for the Gini coefficient
![A. What is the relationship between a Lorenz curve and a Gini coefficient? B. Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality A. What is the relationship between a Lorenz curve and a Gini coefficient? B. Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality](https://homework.study.com/cimages/multimages/16/gini_coefficient29195768151979845536.gif)
A. What is the relationship between a Lorenz curve and a Gini coefficient? B. Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality
![You learn that one nation has a Gini ratio of 0.25 and another nation has a Gini ratio of 0.85. Based on this you might conclude: A. the nation with the higher You learn that one nation has a Gini ratio of 0.25 and another nation has a Gini ratio of 0.85. Based on this you might conclude: A. the nation with the higher](https://homework.study.com/cimages/multimages/16/lorenz_curve4672216785001040039.jpg)