4. An economist produced the following Lorenz curves for the current income distribution and the projected income distribution 10 years from now in a certain country: Current Lorenz curve: f(x) =...

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Extracted text: 4. An economist produced the following Lorenz curves for the current income distribution and the projected income distribution 10 years from now in a certain country: Current Lorenz curve: f(x) = 0.15x+0.85x Projected Lorenz curve: g(x) = x6 Compute the Gini index of income concentration ( to 2 decimal places) for the current and projected curves. What can you say about the distribution of income 10 years from now? Is it more equitable or less?