Question: Consider the following income distributions: A) Plot the Lorenz Curves for 1990 and for 2000. Be sure to label your graph clearly. B) Calculate the

Consider the following income distributions:

A) Plot the Lorenz Curves for 1990 and for 2000. Be sure to label your graph clearly.

B) Calculate the Gini coefficient for 1990 and for 2000 (the area between the Lorenz curve and the outside of the box is 0.33 for 1990 and 0.27 for 2000).

C) What do you conclude about changes in income inequality form 1990 to 2000?

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