The table below shows the share of income going to each quintile of the income distribution for a nation in 1950 and 2000. Use this data to calculate what the points on a Lorenz curve would be, and...


The table below shows the share of income going to each quintile of the income distribution for a nation in<br>1950 and 2000. Use this data to calculate what the points on a Lorenz curve would be, and sketch<br>the Lorenz curve.<br>The purple line represents 1950.<br>The green line represents 2000.<br>Share of income received<br>1950<br>2000<br>Bottom 20%<br>10%<br>5%<br>Bottom 40%<br>30%<br>15%<br>Bottom 60%<br>50%<br>35%<br>Bottom 80%<br>75%<br>60%<br>All 100%<br>|100%<br>100%<br>Provide your answer below:<br>110<br>100<br>-90<br>-80<br>(90, f0)<br>(100, 70)<br>60<br>Perfect Equality<br>(100,50) Year 2000<br>50<br>(80,50 Year 1950/<br>40<br>(70, 30)<br>30<br>(50, 20)<br>20<br>(90, 20)<br>10<br>(60, 10)<br>60<br>80<br>Income Quintiles<br>20<br>40<br>100<br>-10<br>Cumulative Share of Income<br>

Extracted text: The table below shows the share of income going to each quintile of the income distribution for a nation in 1950 and 2000. Use this data to calculate what the points on a Lorenz curve would be, and sketch the Lorenz curve. The purple line represents 1950. The green line represents 2000. Share of income received 1950 2000 Bottom 20% 10% 5% Bottom 40% 30% 15% Bottom 60% 50% 35% Bottom 80% 75% 60% All 100% |100% 100% Provide your answer below: 110 100 -90 -80 (90, f0) (100, 70) 60 Perfect Equality (100,50) Year 2000 50 (80,50 Year 1950/ 40 (70, 30) 30 (50, 20) 20 (90, 20) 10 (60, 10) 60 80 Income Quintiles 20 40 100 -10 Cumulative Share of Income

Jun 09, 2022
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