Consider the following two distributions of aggregate income

Aggregate Income Share

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A B

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1st Quintile. 52% 29%

2nd Quintile 22%. 23%

3rd Quintile. 15%. 20%

4th Quintile 8% 16%

5th Quintile 3% 12%

(a) Which distribution shows a greater level of economic inequality?

(b) Which distribution approximates the distribution of household in-

come in the United State as stated in the textbook?

(c) Draw the Lorenz Curves for A and B in one graph.