1. The table below reports the distribution of income in Brazil and the U.S. in 2006. a) For each country, calculate the quantile ratio and interpret your answer. b) Draw the Lorenz curve for the two countries in the same graph to compare the level of income inequality. c) Without actually calculating the Gini index, use the information from the Lorenz curves and clearly explain which country has the lower income inequality measure. d) Calculate the Gini index for both countries in 2008. Interpret your answer by comparing the Gini indexes with your answer to part a}. Share of Household income in Brazil and the U.S. by ( guinlilesa 2006 uintile Share of Total household Income [96} Brazil U.S. 15t (lowest) 2.6 3.4 211:1 6.2 8.5 3rd 9.5 14.5 4th 18.7 22.9 5th (highest) 83.0 50.5