7-10. Construct a Lorenz curve for this five-household economy. Lorenz Curve 100 80 60 Percentage of Income 40 20 20 40 60 80 100 Percentage of Households With a Lorenz curve, you may also further break down households into smaller percentages. Let's say there are four earners in the richest household. We can then break down the richest household by person: the first person earns $8,000, the second person earns $12,000, the third person earns $20,000, and the final person earns $40,000. 11. What percentage of the top household's income does the top earner have? 12. What percentage of total income (see above) does the top earner have? A government's tax and spending policies can redistribute income in a society and so affect Lorenz curve. 13. What would happen to shape of the Lorenz curve if the government raised taxes on its wealthiest households