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    Question

      The wealth distribution in a certain country is

    described by following Lorenz Function               F(x) = 3x6 where x lies between 0 and 1. What can you say about the distribution of wealth.
    A As per Gini Coefficient, the country is close to egalitarianism Correct Answer Incorrect Answer
    B As per Gini Coefficient, there is high inequality Correct Answer Incorrect Answer
    C Cannot be determined Correct Answer Incorrect Answer
    D The Gini Coefficient is 0.50 which is tolerable Correct Answer Incorrect Answer

    Solution

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