Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue

تمرين 2

Assume that Al, Beth, Carol, David, and Ed receive incomes of $500, $250, $125, $75, and $50, respectively. Construct and interpret a Lorenz curve for this five-person economy. What percentages of total income are received by the richest quintile and by the poorest quintile