Draw the Lorenz curves for the income distribution in Australia and in South Africa. Is income distributed

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Draw the Lorenz curves for the income distribution in Australia and in South Africa. Is income distributed more equally or less equally in South Africa than in Australia?

The table shows shares of income in Australia. image text in transcribed

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:02 PM

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Draw the Lorenz curves for the income distribution in Australia and in South Africa. Is income distributed

Question:

Households (quintile) Lowest Second Third Fourth Highest Income share (percentage of total) 7 13 18 24 38

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