Table 18-12

Table 18-12 shows income distribution data for two countries. Use this data to answer the following questions.
-Refer to Table 18-12.
a.Draw a Lorenz curve for each country.
b.Which country has the more equal distribution of income?
c.Based on the Lorenz curves for the two countries, can you determine which country has the more progressive tax system? Explain your answer.

Question

Table 18-12
  
Table 18-12 shows income distribution data for two countries. Use this data to answer the following questions.
-Refer to Table 18-12.
a.Draw a Lorenz curve for each country.
b.Which country has the more equal distribution of income?
c.Based on the Lorenz curves for the two countries, can you determine which country has the more progressive tax system? Explain your answer.

Quizplus · Accepted Answer

The Answer of Table 18-12
  
Table 18-12 shows income distribution data for two countries. Use this data to answer the following questions.
-Refer to Table 18-12.
a.Draw a Lorenz curve for each country.
b.Which country has the more equal distribution of income?
c.Based on the Lorenz curves for the two countries, can you determine which country has the more progressive tax system? Explain your answer.

Table 18-12 Table 18-12 Shows Income Distribution Data for Two Countries. Use