a. What is the definition of market income? b. Draw the Lorenz curve for the distribution of

Question:

a. What is the definition of market income?
b. Draw the Lorenz curve for the of market income.
HouseholdsMarket income
(percentage) (percentage of total)
Lowest 20……………………..1.1
Second 20……………………..7.1
Middle 20……………………13.9
Next highest 20………………22.8
Highest 20……………………55.1 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...