Describe a regressive transfer and explain what possible changes would result from this transfer for the Lorenz curve and the Gini coefficient.

In Discussion section, you learned how to calculate the Gini coefficient using a covariance-based formula. You can also calculate the Gini coefficient by hand using a pairwise approach. A 2-page pdf describing this approach and the steps involved is available on Canvas. Using this method, calculate the Gini coefficient for the economy. Next, describe a regressive transfer and explain what possible changes would result from this transfer for the Lorenz curve and the Gini coefficient. I will attach the 2-page pdf. There is no need to fill in the number of characters. You can get answers for each step of the attached file.One Ture/False and justify briefly(one or two sentences).- The Human Development Index (HDI) is a multi-dimensional way to measure poverty –