2. Constructing a Lorenz curve from income shares data The following table shows the approximate income distribution for Colombia, Ukraine, and Turkey in 2011. In particulac, it shows the income shares of each quintile of the income distribution. Income Group Lowest quintile Second quintile Third quintile Fourth quintile Highest quintile Percentage of Total Income, 2011 Colombia Ukraine Turkey 2 9 5 10 14 21 50 6 11 18. 63 14 17 22 38 has the most total income. d' On the following graph, plot the Lorenz curves for the three countries. Plot Colombia's Lorene curve using the green points (triangle symbol), Ukraine's orenz curve using the blue points (circle symbol), and Turkey's Lorenz curve using the purple points (diamond symbol) Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.

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2. Constructing a Lorenz curve from income shares data
The following table shows the approximate income distribution for Colombia, Ukraine, and Turkey in 2011. In particular, it shows the income shares of
each quintile of the income distribution.
Income Group
Lowest quintile
Second quintile
Third quintile
Fourth quintile
Highest quintile
Percentage of Total Income, 2011
Turkey
Colombia Ukraine
2
9
5
6
14
10
17
14
21
50
18
63
22
38
has the most total income.
On the following graph, plot the Lorenz curves for the three countries. Plot Colombia's Lorenz curve using the green points (triangle symbol), Ukraine's
Lorenz curve using the blue points (circle symbol), and Turkey's Lorenz curve using the purple points (diamond symbol)
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
Transcribed Image Text:nd Study Tools tions ccess Tips cess Tips Back 2. Constructing a Lorenz curve from income shares data The following table shows the approximate income distribution for Colombia, Ukraine, and Turkey in 2011. In particular, it shows the income shares of each quintile of the income distribution. Income Group Lowest quintile Second quintile Third quintile Fourth quintile Highest quintile Percentage of Total Income, 2011 Turkey Colombia Ukraine 2 9 5 6 14 10 17 14 21 50 18 63 22 38 has the most total income. On the following graph, plot the Lorenz curves for the three countries. Plot Colombia's Lorenz curve using the green points (triangle symbol), Ukraine's Lorenz curve using the blue points (circle symbol), and Turkey's Lorenz curve using the purple points (diamond symbol) Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
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