What is the approximate Gini coefficient associated with the following income distribution?HouseholdPercentileShare ofIncomeCumulative Shareof 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
A. 0.13
B. 0.34
C. 0.23
D. 0.08
E. 0.48
Answer: B
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What will be an ideal response?
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