Plot the lorenz curves corresponding to the two sets

Reference no: EM131072245

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.

(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

Reference no: EM131072245

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