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Business, 12.08.2020 04:01, jaydenbrock
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
Required:
a. Draw the appropriate Lorenz curve for this distribution
b. Fully explain at least four of the major contributing factors that led to this observed distribution.
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Answers: 1
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Suppose in Oklahoma we observe the following data on the distribution of income:
Quintile ranking w...
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