080607 - Bottom 20% $10K 5% 20% 5% 2nd 20% $20K 10% 40% 15%...

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Sheet1 Page 1 ------ The distribution of income (x-axis: income, y-axis: # of households) shows a peak closer to the origin and a long decreasing 't a Lorenz Curve: Plots the cumulative percent of households against the cumulative percent of income Cumulative % Groups Income % Income HH Income
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Unformatted text preview: Bottom 20% $10K 5% 20% 5% 2nd 20% $20K 10% 40% 15% Middle 20% $30K 15% 60% 30% 4th 20% $50K 25% 80% 55% Top 20% $90K 45% 100% 100% Total Income: $200K The Big Trade Off - Government policies that make the distribution of income more equal also decrease the economy's efficie n...
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This note was uploaded on 04/13/2008 for the course ECO 2023 taught by Professor Rush during the Summer '08 term at University of Florida.

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