Calculate cumulative distribution of income for australia

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Reference no: EM131300841

Table 1 shows the distribution of money income in Australia. Calculate the cumulative distribution of income for Australia and draw the Lorenz curve for Australian income. In which country is the income distribution more unequal: Australia or the United States?

Reference no: EM131300841

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Calculate cumulative distribution of income for australia : Table 1 shows the distribution of money income in Australia. Calculate the cumulative distribution of income for Australia and draw the Lorenz curve for Australian income.

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