The table below shows the distribution of market income in an economy.The government redistributes income by collecting income taxes and paying benefits shown in the table.
a.Calculate the income shares of each 20 percent of households after tax and redistribution.

b.In the figure below,draw the Lorenz curves for this economy,both before and after taxes and benefits.

Question

The table below shows the distribution of market income in an economy.The government redistributes income by collecting income taxes and paying benefits shown in the table.
a.Calculate the income shares of each 20 percent of households after tax and redistribution.
  
b.In the figure below,draw the Lorenz curves for this economy,both before and after taxes and benefits.

Quizplus · Accepted Answer

The Answer of The table below shows the distribution of market income in an economy.The government redistributes income by collecting income taxes and paying benefits shown in the table.
a.Calculate the income shares of each 20 percent of households after tax and redistribution.
  
b.In the figure below,draw the Lorenz curves for this economy,both before and after taxes and benefits.

The Table Below Shows the Distribution of Market Income in an Economy.The