Question 3 [14 marks] a. Draw a Lorenz curve disposable income for an economy comprising of unemployed, workers and employers that serves as a representation of South Africa. Assume that all unemployed receive some form of grant from the government [3 marks] Use this Lorenz curve to explain how the COVID pandemic that raised unemployment affects income inequality. [3 marks] To deal with unemployment, the government introduced a COVID income grant (a monthly payment to individuals) targeting poor households and individuals that have no jobs. Assume that the grant is financed through taxation of workers and employers. Use the Lorenz curve from (a) to illustrate and discuss the impact on inequality of disposable income. [4 marks] The COVID pandemic has led to rapid adoption of technology that benefits the relatively skilled. Present new Lorenz curves to illustrate how the adoption of this technology may affect market income inequality. Assume the economy comprises unemployed, workers and employers. In this analysis, assume that the unemployed receive no wage or other market income [4 marks]