The table shows money income shares in the United States in 2001. Draw a U.S. Lorenz curve

Question:

The table shows money income shares in the United States in 2001.

Draw a U.S. Lorenz curve in 2001. Was the U.S. distribution of income more equal in 2001 than in 2012? Explain your answer.

Households Money income
(quintile) (percentage of total)
Lowest........................................3.5
Second........................................8.8
Third..........................................14.5
Fourth........................................23.1
Highest.......................................50.1

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...

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