Plot the lorenz curves corresponding to the two sets

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Imagine that you have the following data on the income distribution for two economies. The first set of quintile shares is as in Table 13.2, and the second set is: 3.0, 9.0, 17.0, 29.0, and 42.0.

1459_73992293-59b8-4297-9d6b-c476768643c7.png

(a) On graph paper, or in a spreadsheet program, plot the Lorenz curves corresponding to the two sets of quintile shares.

(b) Can you say, from a visual analysis, which distribution is more equal?
Table 13.2

2255_f69aa292-a1c0-4d82-8fee-ee7800790fdf.png

Reference no: EM131072245

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