How is the Gini coefficient calculated using the Lorenz curve?
1
It is the region between the Lorenz curve and the diagonal line of perfect equality.
2
It is the ratio of the area between the Lorenz curve and the diagonal line to the total area below the diagonal line.
3
It is the ratio of the area between the Lorenz curve and the diagonal line to the entire area under the Lorenz curve.
4
It is the ratio of the area under the Lorenz curve to the total area of the graph.
5
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