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SOLVED: What is the approximate Gini coefficient associated with the following income distribution?(a) 0.08(b) 0.13(c) 0.23(d) 0.34(e) 0.48Household Percentile Share of Income Cumulative Share of Income 20th 0.05 0.05 40th 0.10 0.15 60th 0.20 0.35 80th 0.25 0.60 100th 0.40 1.00

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