Business, 02.03.2020 19:09, taylorbohr6823

Suppose in Oklahoma we observe the following data on the distribution of income: Quintile ranking where 1 = lowest) % of income earned

1 3
2 11
3 19
4 27
5 40

Draw the appropriate Lorenz curve for this distribution. Fully explain at least four of the major contributing factors that led to this observed distribution.

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Suppose in Oklahoma we observe the following data on the distribution of income: Quintile ranking wh...