The above table shows the distribution of income in two imaginary countries, Alpha and Beta.
a∙In the figure below, draw the Lorenz curves for Alpha and Beta.

b∙Compare the distribution of income in Alpha with that in Beta.Which distribution is more unequal?
c∙What would be the distribution of income in a country with perfect income equality?

Question

The above table shows the distribution of income in two imaginary countries, Alpha and Beta.
a∙In the figure below, draw the Lorenz curves for Alpha and Beta.
  
b∙Compare the distribution of income in Alpha with that in Beta.Which distribution is more unequal?
c∙What would be the distribution of income in a country with perfect income equality?

Quizplus · Accepted Answer

The Answer of The above table shows the distribution of income in two imaginary countries, Alpha and Beta.
a∙In the figure below, draw the Lorenz curves for Alpha and Beta.
  
b∙Compare the distribution of income in Alpha with that in Beta.Which distribution is more unequal?
c∙What would be the distribution of income in a country with perfect income equality?

The Above Table Shows the Distribution of Income in Two