The following income distribution data are for Ghana .

Quintile

Percent Share

Lowest 20%

6.0%

Second quintile

9.5%

Third quintile

15.2%

Fourth quintile

25.3%

Highest 20%

44.0%

(a)Carefully graph the Lorenz curve, labeling the axes.

(b)Explain how to find the Gini coefficient, graphically.

(c)Ghana 's national income is about $500 billion. What is the approximate dollar income of the bottom 20%? Bottom 40%?

(d)Suppose one percent of national income were transferred from the richest 20% of households to the poorest 20% of households. Show the effect on relative inequality.

(e)Lorenz curve and Gini coefficient are considered most frequently used measures of income inequality .State one more measure that can be used to measure degree of"income inequality " inside a country.