a) Go to the World Bank Database that you used on the first assignment and retrieve...

 
 

Transcribed Image Text:

a) Go to the World Bank Database that you used on the first assignment and retrieve the 5 income quintiles for Brazil and Hungary for the year 2019. Also retrieve the Gini Coefficient for each country and record the information below. (5 Marks) wwwww Income Shares Income Share of the Lowest 20% Income Share of the Second 20% Income Share of the Third 20% Income Share of the Fourth 20% Income Share of the Highest 20% Cumulative % of Population 0 3.10 7.30 12.20 19.50 57.80 20 40 60 80 100 Gini Coefficient for Brazil_ Gini Coefficient for Hungary_ b) Use the information in the table above to calculate the Cumulative Percentages of Income that you will need in order to construct Lorenz curves for these two countries. Record that information in the table below. (5 Marks) Brazil Cumulative % of Income 53.50 Brazil 30.00 8.00 13.40 17.70 23.10 37.80 Hungary Hungary Cumulative % of Income c) Now, construct Lorenz Curves for the two countries and graph them below, along with the line of perfect income equality. (5 Marks) CUMULATIVE % OF INCOME 100 90 80 70 60 50 40 30 20 10 0- 0 10 LORENZ CURVES BRAZIL AND HUNGARY 2019 20 30 50 CUMULATIVE % OF POPULATION 40 60 70 80 90 100 a) Go to the World Bank Database that you used on the first assignment and retrieve the 5 income quintiles for Brazil and Hungary for the year 2019. Also retrieve the Gini Coefficient for each country and record the information below. (5 Marks) wwwww Income Shares Income Share of the Lowest 20% Income Share of the Second 20% Income Share of the Third 20% Income Share of the Fourth 20% Income Share of the Highest 20% Cumulative % of Population 0 3.10 7.30 12.20 19.50 57.80 20 40 60 80 100 Gini Coefficient for Brazil_ Gini Coefficient for Hungary_ b) Use the information in the table above to calculate the Cumulative Percentages of Income that you will need in order to construct Lorenz curves for these two countries. Record that information in the table below. (5 Marks) Brazil Cumulative % of Income 53.50 Brazil 30.00 8.00 13.40 17.70 23.10 37.80 Hungary Hungary Cumulative % of Income c) Now, construct Lorenz Curves for the two countries and graph them below, along with the line of perfect income equality. (5 Marks) CUMULATIVE % OF INCOME 100 90 80 70 60 50 40 30 20 10 0- 0 10 LORENZ CURVES BRAZIL AND HUNGARY 2019 20 30 50 CUMULATIVE % OF POPULATION 40 60 70 80 90 100

Answer rating: 100% (QA)

Income quintiles divide a population into five equal groups each representing 20 of the total popula... View the full answer