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Table 18-11 shows income distribution data for two countries. Use this data to answer the following ...

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Table 18-11 shows income distribution data for two countries. Use this data to answer the following ...

Table 18-11

Income Quintile	Svetlana Percentage of Total Income	Grodsky Percentage of Total Income
Lowest 20%	8%	4%
Second quintile	12%	10%
Third quintile	16%	16%
Fourth quintile	20%	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

Edition: 7^th

Authors: Hubbard, O'Brien

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Smart ... Thanks!

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