Business
Business, 03.12.2019 20:31, shanice13

Below is a hypothetical breakdown of the income distribution in a country. use those calculate what should be graphed on the lorenz curve and then sketch a lorenz curve for those given numbers. using that lorenz curve show how a gini coefficient would be calculated and explain what the values of the gini coefficient mean. (do not have to calculate the gini, just describe how you could do so)?

quintile
percent of gdp received

bottom 20%

4
lower middle 20%

8
middle 20%

16

upper middle 20%

20
top 20%

52

answer
Answers: 2

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Below is a hypothetical breakdown of the income distribution in a country. use those calculate what...

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