Draw the Lorenz curve for the income distribution in Australia and in Brazil and South Africa (use

Question:

Draw the Lorenz curve for the income distribution in Australia and in Brazil and South Africa (use the data in Fig. 19.6 on p. 451). Is income distributed more equally or less equally in Brazil and South Africa than in Australia?

Households Market income

(percentage) (percent of total)

Lowest 20…………………….... 7

Second 20…………………….. 13

Middle 20…………………….. 18

Next highest 20………………24

Highest 20……………………. 38

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...