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Use Table 1 for questions 1-2 (the same table is repeated on the back page): Table 1: Income Inequality in Armenia and Peru 20 Income
Use Table 1 for questions 1-2 (the same table is repeated on the back page): Table 1: Income Inequality in Armenia and Peru 20 Income Share held by Armenia Peru 40 1. Decile 4.4% 1.7% 1. Quintile 10.2% 4.8% Notes: Data for 2020, rounded. 2. Quintile 14.3% Source: World Bank, World 9.6% Development Indicators, 2022. 3. Quintile 17.8% 14.6% Because of rounding the total 4. Quintile 22.2% 21.9% may not add up to 100% but 5. Quintile 35.6% 49.1% to 99% or 101%. 10. Decile 21.5% 32.9% 1. Lorenz Curve a) Draw the Lorenz Curve for Peru using all available information. Do not forget to label the axes and to indicate the exact points on the curve and the axes. (2 points) corner curv
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