Question 1 and 2 please help me

1. In a hypothetical country called Libra, there are five households with annual incomes of $5000, $10 000, $15 000, $30 000, and $40 000. a. Calculate the shares of total income earned by each household. b. What are the cumulative shares of income earned by each household that would be used to draw this country's Lorenz curve, ranked from the lowest to highest? c. Draw a graph of the Lorenz curve for this economy. Plot a total of six points, including the origin point (0, 0).11. The following table shows the income shares going to each one-fifth of Canadian households before government transfer payments and after the receipt of trans- fer payments and the payment of personal income taxes. Income Shares Going to Each One-fifth of Canadian Households Share of Income before Share of Income after Transfer Payments and Taxes Transfer Payments and Taxes (2016, %) (2016, %) Lowest 20% Second 20% 7 11 Third 20% 15 16 Fourth 20% 25 24 Highest 20% 52 44 Source: Source: Statistics Canada, Table 11100192. Contains information licensed under the Open Government Licence - Canada (https://open.canada.ca/en/open-government-licence-canada). a. Using the data above, create a graph giving two Lorenz curves: one usi income shares prior to transfer payments and personal income taxes, a another after both transfer payments and personal income taxes. Plot points for each curve, including the origin point (0, 0), for a total of 12 poi b. Based on the Lorenz curves you have drawn in part a, do transfer payments personal income taxes make Canada's distribution of income more or less eq me in Canada