The table shows money income shares in the United States in 1991. Households Money income (percentage) (percentage
Question:
Households Money income
(percentage) (percentage of total)
Lowest 20……………………. 3.8
Second 20……………………. 9.6
Middle 20…………………... 15.9
Next highest 20…………….. 24.2
Highest 20………………….. 46.5
a. Draw a Lorenz curve for the United States in 1991 and compare it with the Lorenz curve in 2011 shown in Fig. 19.3 on p. 445.
b. Was U.S. money income distributed more equally 1991?
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a The Lorenz curve is illustrated in Figure 191 To draw it plot the cumulative percentage of ...View the full answer
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