What is a Lorenz curve? Given the income information for the United States in 2000 that follows, graphically compare this Lorenz curve with one for an equal distribution.
$\begin{array}{|c|c|}
\hline \text { Quintile } & \begin{array}{c}
\text { Percent of Total } \
\text { Income }
\end{array} \
\hline \text { Lowest } & 3.6 \
\hline \text { Second } & 8.9 \
\hline \text { Middle } & 14.9 \
\hline \text { Fourth } & 23 \
\hline \text { Highest } & 49.6 \
\hline \text { Total } & 100 \
\hline
\end{array}$

Question

What is a Lorenz curve? Given the income information for the United States in 2000 that follows, graphically compare this Lorenz curve with one for an equal distribution.
 $\begin{array}{|c|c|}
\hline \text { Quintile } & \begin{array}{c}
\text { Percent of Total } \
\text { Income }
\end{array} \
\hline \text { Lowest } & 3.6 \
\hline \text { Second } & 8.9 \
\hline \text { Middle } & 14.9 \
\hline \text { Fourth } & 23 \
\hline \text { Highest } & 49.6 \
\hline \text { Total } & 100 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of What is a Lorenz curve? Given the income information for the United States in 2000 that follows, graphically compare this Lorenz curve with one for an equal distribution.
 $\begin{array}{|c|c|}
\hline \text { Quintile } & \begin{array}{c}
\text { Percent of Total } \
\text { Income }
\end{array} \
\hline \text { Lowest } & 3.6 \
\hline \text { Second } & 8.9 \
\hline \text { Middle } & 14.9 \
\hline \text { Fourth } & 23 \
\hline \text { Highest } & 49.6 \
\hline \text { Total } & 100 \
\hline
\end{array}$

What Is a Lorenz Curve? Given the Income Information for the United