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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

B As per Gini Coefficient, there is high inequality

C Cannot be determined

D The Gini Coefficient is 0.50 which is tolerable

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