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Question 1 Practical Application (30 Marks Total) Lorenz Curves and the Gini Concentration Ratio (or Gini Coefficient) a) Go to the World Bank Database that
Question 1 Practical Application (30 Marks Total) Lorenz Curves and the Gini Concentration Ratio (or Gini Coefficient) a) Go to the World Bank Database that you used on the first assignment and retrieve the 5 income quintiles for Brazil and Hungary for the year 2019. Also retrieve the Cini Coefficient for each country and record the information below. (5 Marks) Gini Coefficient for Brazil Gini Coefficient for Hungary b) Use the information in the table above to calculate the Cumulative Percentages of Income that you will need in order to construct Lorenz curves for these two countries. Record that information in the table below. (5 Marks) c) Now, construct Lorenz Curves for the two countries and graph them below, along with the line of perfect income equality. (5 Marks) 3 - inack.17 iaved d) Based on a visual inspection af the Lorenz Curves, which nation has the more equal distributio
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