The table shows money income shares in the United States in 2001. Draw a U.S. Lorenz curve
Question:
The table shows money income shares in the United States in 2001.
Draw a U.S. Lorenz curve in 2001. Was the U.S.
distribution of income more equal in 2001 than in 2019 (see p. 489 )? Explain your answer.
Transcribed Image Text:
Households (quintile) Lowest Second Third Fourth Highest Money income (percentage of total) 3.5 8.8 14.5 23.1 50.1
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