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Market Failure and Government Intervention

The difference in the cumulative percentage of population (col.2) and the cumulative GNP (col. 4) is a measure of inequality (col.5).  This measure is averaged for the quintile (col.6) and multiplied by the percentage of total population in the quintile (col.1).  Summing these weighted measures of inequality provides the measure of total income inequality (bottom of column 7).

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