d) A developing county has a new economic advisor. Her goal is to make the income distribution more equitable. Before sh
Posted: Sun Jun 05, 2022 4:53 pm
d) A developing county has a new economic advisor. Her goal is to make the income distribution more equitable. Before she took over, the Lorenz curve for the country was L(x) = 0.9x² -0.4x. Under her guidance 3 years ago, she implemented a new tax plan. Now the Lorenz curve is L(x) = x+³. Is her new tax plan working?