1.Using pen (or pencil) and paper, graph a Lorenz curve for the income distribution below. Show the Gini coefficient on the graph. Calculate the Gini coefficient. Show work.

1. Using pen (or pencil) and paper, graph a Lorenz curve for the income distribution below. Show the Gini coefficient on the graph. Calculate the Gini coefficient. Show your work.

Income quartile (% of population)

Bottom 25%

Percentage of income received: 10

Next 25%

Percentage of income received: 20

Next 25%

Percentage of income received: 30

Top 25%

Percentage of income received: 40