Income distribution is an vital consideration in economics. The Lorenz Curve, as you have learned, is a tool to allow us to probe income distribution. Based upon what you know of how to do a Lorenz Curve analysis, plot the data provided in the chart below to analyze 1979 and 1991 income distribution. The purple line represents 1979. The green line represents 1991. Income Distribution Share of income received 1979 1991 Bottom 20% 15% 5% Bottom 40% 25% 15% Bottom 60% 45% 30% Bottom 80% 70% 55% All 100% 100% 100%

Income distribution is an vital consideration in economics. The Lorenz Curve, as you have learned, is a tool to allow us to probe income distribution. Based upon what you know of how to do a Lorenz Curve analysis, plot the data provided in the chart below to analyze 1979 and 1991 income distribution. The purple line represents 1979. The green line represents 1991. Income Distribution Share of income received 1979 1991 Bottom 20% 15% 5% Bottom 40% 25% 15% Bottom 60% 45% 30% Bottom 80% 70% 55% All 100% 100% 100%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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