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Exercise 1 The figure below shows three alternative distributions of land ownership in a village with 100 people and 100 hectares of land 80 people own nothing 20 people own 5 hectares each 40 people 40 people own 20 people own own nothing 1 hectare each 3 hectares each 100 people own 1 hectare each a. Draw the Lorenz curves for each case. b. Calculate the Gini Coefficient in each case. Explain the differences between the three cases. c. Using data provided by international organizations such as the World Bank or the OECD, give examples of three countries with very different income distributions and the change in their Gini Coefficient during the last 10/20 years. Explain the changes in inequality in those countries