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What is the definition of market income

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Question: The table shows the distribution of market income in Canada in 2011.

Households                   Income share
 (quintile)                (percentage of total)

Lowest                               7

Second                             13

Third                                18

Fourth                              24

Highest                             38

a. What is the definition of market income?

b. Draw the Lorenz curve for the distribution of market income.

Reference no: EM131614599

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