Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507041
Author: Colander, David
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 18, Problem 4QE

(a)

To determine

The Lorenz curves of different countries.

(b)

To determine

The country that has the most equal distribution of income.

(c)

To determine

The country that has the least equal distribution of income. 

(d)

To determine

The country that has the most progressive tax system.

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I'm not sure if I am answering this question correctly, or how to graph it.
The table shows the distribution of personal income in the United States in 2016. Percentage of total income Households Poorest 20 percent 3.1 Second 20 percent Third 20 percent Fourth 20 percent Richest 20 percent 8.2 14.3 23.2 51.2 For all U.S. households to receive an equal share of income, what percentage of total income would the poorest 20 percent of households have to receive from higher-income groups? What percentage would the second poorest have to receive? >>> Answer to 1 decimal place. The poorest 20 percent of households would have to receive percent. The second poorest 20 percent of households have to receive percent.
Explain how our economic transition is affecting the national income distribution.
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