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5 years ago
Table 18-12

Income Quintile Agraria
Percentage of Total Income		 Urbana
Percentage of Total Income
Lowest 20%   3% 5%
Second quintile  9%14%
Third quintile14%20%
Fourth quintile24%24%
Highest 20%50%37%
Table 18-12 shows income distribution data for two countries. Use this data to answer the following questions.


Refer to Table 18-12.
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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Guest Author
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5 years ago
Smart ... Thanks!
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