1- Draw a Lorenz curve with equal distribution of income- Draw a Loren.pdf
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The document discusses how to draw Lorenz curves representing both equal and unequal income distribution and defines the Gini coefficient based on these curves. It includes a table detailing income distribution by quintile for the United States in 1950 and 2000, as well as for Brazil and Sweden in 2005. The reader is instructed to complete the table and construct Lorenz curves for the mentioned countries.
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1- Draw a Lorenz curve with equal distribution of income- Draw a Loren.pdf
- 1. 1. Draw a Lorenz curve with equal distribution of income. Draw a Lorenz curve with less than equal distribution. Use the Lorenz curve to define the Gini coefficient. 2. The table lists the income distribution (by quintile) for the United States in 1950 and 2000, and for Brazil and Sweden in 2005. Using these data, complete the table and construct Lorenz curves for each country.