On a google doc, answer the following questions:
1. Who created the Lorenz curve?
2. What does the Lorenz curve measure?
3. How does the Lorenz curve graph look like? What are the x and y axis labeled, etc...
4. What does a Lorenz curve that show perfect equality look like? What about perfect inequality? What does a typical Lorenz curve look like?
5. What is a Gini Coefficient?
6. How is a Gini Coefficient related to the Lorenz curve and how is it calculated?
7. What does a Gini Coefficient of 0 mean? What about that of 1? How would the Lorenz curve have to look like in each case?
8. If you can, try to understand the calculus behind the computation of the Gini Coefficient. On a separate sheet of paper, write calculus operation that is performed in calculating the Gini Coefficient.
9. Look at a list of Gini Coefficients for different countries, does your finding surprise you? Yes or no, and why? Provide examples from History and Politics to back up your answer.