Question: Back to Assignment Attempts 1 Keep the Highest 1 / 3 2. Constructing a Lorenz curve from income shares data The following table shows the

Back to Assignment Attempts 1 Keep the Highest 1 / 3 2. Constructing a Lorenz curve from income shares data The following table shows the approximate income distribution for Ukraine, Turkey, and Colombia in 2011. In particular, it shows the income shares of each quintile of the income distribution. Percentage of Total Income, 2011 Income Group Ukraine Turkey Colombia Lowest quintile 5 Second quintile 10 Third quintile 17 14 11 Fourth quintile 27 21 18 Highest quintile 38 63 has the least total income. On the following graph, plot the Lorenz curves for the three countries. Plot Ukraine's Lorenz curve using the green points (triangle symbol), Turkey's Lorenz curve using the blue points (circle symbol), and Colombia's Lorenz curve using the purple points (diamond symbol). Line segments will automatically connect the points. ? 100 BO Ukraine 60 Turkey CUMULATIVE PERCENTAGE OF INCOME Colombia 20 40 100 CUMULATIVE PERCENTAGE OF HOUSEHOLDS has the least income inequality. (Hint: You may want to refer to your previous answers. Grade It Now Save & Continue Continue without saving

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