The accompanying table shows income distribution data for three countries: a. Using this information, draw a Lorenz

Question:

The accompanying table shows income distribution data for three countries: image text in transcribed

a. Using this information, draw a Lorenz curve for each country.

b. Which country has the most equal distribution of income?

c. Which country has the least equal?

d. By looking at the three Lorenz curves, can you tell which country has the most progressive tax system?
Why or why not?

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Related Book For answer-question

Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:02 AM

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The accompanying table shows income distribution data for three countries: a. Using this information, draw a Lorenz

Question:

Income Quintile India Percentage of Total Income Czech Republic Mexico Lowest 20% 8.6% 10.2% 4.4% Second quintile 12.2 14.3 8.9 Third quintile 15.8 17.5 13.3 Fourth quintile 21.0 21.7 20.4 Highest 20% 42.4 36.3 53.0

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Microeconomics

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