Refer to the following income data for five individuals.

a. Construct and interpret a Lorenz curve for this five-person economy.

Person	Income
Al	$ 500
Beth	250
Carol	125
David	75
Ed	50

Instructions: Use the tool provided 'Lorenz' to plot aLorenz curve. Your curve should begin at the origin (0 percent, 0 percent) andend at the upper-right corner (100 percent, 100 percent). Plot 6 points in total.

Instructions: Enter your answers as a whole number.

b. What percentage of total income is received by the richest quintile and by the poorest quintile?

Richest quintile = percent

Poorest quintile = percent