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7. The table includes the population percentiles and the corresponding percentage of wealth accrued to EACH population proportion for countries A and B. Population percentage
7. The table includes the population percentiles and the corresponding percentage of wealth accrued to EACH population proportion for countries A and B. Population percentage 1st quartile 2nd quartile 3rd quartile 4th quartile Percentage of Income A 20% 20% 30% 30% Cumulative Percentage of Income A Percentage of Income B Cumulative Percentage of Income BB 22% 22% 22% 34% B Cumulative percentage of population a) Please complete the table based on the information provided. (3pts) b) Please draw the Lorenz curves for countries A and B respectively. (4pts) c) Please calculate the Gini coefficients respectively. Which country do you think is more unequal? (6pts. Note: please show the intermediate steps clearly)
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