Use the following Lorenz curve graph to answer the questions. a. Did the distribution of income become

Question:

Use the following Lorenz curve graph to answer the questions.

Income (cumulative percentage) 100% 90 2015 80 70 60 2016 50 в 40 30 20 10 20 40 60 80 100% Households (cumulative perc

a. Did the distribution of income become more equal in 2016 than it was in 2015, or did it become less equal? Briefly explain.
b. If area A = 2,150, area B = 250, and area C = 2,600, calculate the Gini coefficient for 2015 and the Gini coefficient for 2016.

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...