What does the lorenz curve in exhibit 2 illustrate

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1. (Distribution of Household Income) Look back at Exhibit 1 in this chapter. How would you explain the shift of the U.S. income distribution in the last two decades?

2. (Lorenz Curve)What is a Lorenz curve? What does the Lorenz curve in Exhibit 2 illustrate?

Reference no: EM131228297

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