Posted by mat on Monday, August 18, 2008 at 8:43am.
If you tried to copy/paste.... it didn't come through.
Percent of Income
Quintile A B C
20 8.5 10.2 2.3
40 10.1 15.2 6.1
60 12.5 18.3 12.3
80 15.1 23.1 18.1
100 53.8 33.2 61.2
In the below table, which country has the least equal distribution of income? The most equal distribution?
Percent of Income
Quintile A B C
20 8.5 10.2 2.3
40 10.1 15.2 6.1
60 12.5 18.3 12.3
80 15.1 23.1 18.1
100 53.8 33.2 61.2
First, I suggest you do a little research on lorenz curves and gini coefficients. Here is a start:
http://en.wikipedia.org/wiki/Lorenz_curve
To solve this problem, first convert your percent distributions into cumulative percent distributions. So, for example, the values for series A would be 8.8. 18.6, 31.1, 46.2, 100.0
Next graph your three series; these are lorenz cuvers. The curve that is closest to a 45-degree line is represents the most equal distribution; The most equitable is series B, the least equitale is series C.
thank you very much!
Related Questions
ECONOMICS-REPOST - In the below table, which country has the least equal ...
Michael - Which one of the following would increase income inequality as ...
economics - Explain why the productivity standard for the distribution of income...
microeconomics - how do i figure this out? if all incomes were equalized by ...
Economics - Has the distribution of income in Canada become equal or more ...
Economics - 6. The chapter uses the analogy of a "leaky bucket" to ...
International Econ.. Please Help! - Practical dicussion of trade policy is ...
Economics - 7. Suppose there are two possible income distributions in a society ...
economics - If the society had the first income distribution, what would be the ...
math - distribution of adjust gross income in individual federal income tax ...
For Further Reading
