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1 Make a table to show the cumulative percentage of income against the cumulative percentage of households...

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1 Make a table to show the cumulative percentage of income against the cumulative percentage of households in Norway and find five points on the Lorenz curve for Norway.

The table sets out the quintile shares of income in South Africa and Norway.

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Households (quintile) South Africa Norway (percentage of total income) Lowest 20 per cent 3 10 Second 20 per cent 5 16 Third 20 per cent 8 19 Fourth 20 per cent 16 22 Highest 20 per cent 68 33

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Kirti Kaushal
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Economics

Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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