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Inequality: In Econoland, there are two types of people, greens and purples, and two types of jobs, good jobs and bad jobs. All good jobs

Inequality: In Econoland, there are two types of people, greens and purples, and two types of jobs, good jobs and bad jobs. All good jobs pay more or less the same (high) salary. All bad jobs pay more or less the same (low) salary.

Imagine that all of the good jobs are reserved for green people. Purple people are only allowed to work on the bad jobs.

I NEED A Lorenz curve showing the distribution of income among green people

I NEED A Lorenz curve showing the distribution of income among purple people

I NEED A Lorenz curve for Econoland as a whole (that is, for green and purple people combined).

Now imagine that everyone in Econoland comes down with Coloura-virus. Coloura-virus is a flu-like disease that makes people colour-blind. After the Coloura-virus pandemic, no one can tell who is green and who is purple. As a result, some purple people get good jobs, and some green people end up with bad jobs.

Whats the impact of Coloura-virus on the green-people Lorenz curve in part a(i) above

Whats the impact of the Coloura-virus on the purple-people Lorenz curve in part a(ii) above.

Whats the impact of the Coloura-virus on the Econoland Lorenz curve in part a(iii) above.

There are a number of real-world phenomena that have a similar impact on economic inequality to the Coloura-virus. Describing one or two these phenomena. Explain how they have affected inequality, and why.

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