Question

Using the data below, draw Lorenz Curves for Countries A, B, and C. (Put them together...

Using the data below, draw Lorenz Curves for Countries A, B, and C. (Put them together on one graph)

graph)

                                                                 Percentage of Income

Quintile

A

% Cum. %

B

% Cum. %

C

% Cum. %

Lowest fifth

8.5

10.2

2.3

Second fifth

10.1

15.2

6.1

Third fifth

12.5

18.3

12.3

Fourth fifth

15.1

23.1

18.1

Highest fifth

53.8

33.2

61.2

  1. Which country has the most equal income distribution? _______________________
  2. Which country has the least equal income distribution? _______________________
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