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show all your work for the problems requiring calculations. 1.A.What does a Lorenz curve measure? B.What does the line of equality represent? f100 80 Country

show all your work for the problems requiring calculations.

1.A.What does a Lorenz curve measure?
B.What does the line of equality represent?
\f100 80 Country A 60 Cumulative percentage of income Country B 40 20 0 20 40 60 80 100 Cumulative percentage of householdsPercentage of households Percentage of income Percentage of income 19?9 2013 Lwest 20% secondm 1m Third 2095 15.9% 14.1% Fourth 20% 24.19:; 22.635 Highest 2% 52-096

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