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Draw the lorenz curve from data

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Reference no: EM131348682

This question concerns income distribution. Say that a country's income is split into quartiles as follows: 1st: 10%, 2nd: 15%, 3rd: 20%, and 4th: 55%.

a. Draw the Lorenz curve from this data.

b. Compute the Gini coefficient from this data.

Reference no: EM131348682

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