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barry1999 barry1999
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5 years ago
Table 18-11

Income Quintile Svetlana
Percentage of Total Income		 Grodsky
Percentage of Total Income
Lowest 20%   8%   4%
Second quintile12%10%
Third quintile16%16%
Fourth quintile20%24%
Highest 20%44%46%
Table 18-11 shows income distribution data for two countries. Use this data to answer the following questions.


Refer to Table 18-11.
a.Draw a Lorenz curve for each country.
b.Which country has the more equal distribution of income?
c.Based on the Lorenz curves for the two countries, can you determine which country has the
more progressive tax system? Explain your answer.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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Kailz1218Kailz1218
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barry1999 Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
larrybrads
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Yesterday
Correct Slight Smile TY
lipop
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2 hours ago
You make an excellent tutor!
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