Tutorial week 8_s1_2019 (1).docx - EC 304 Tutorial week 8 Question 1 Lorenz Curve and Gini Coefficient Income of household Household 1 1500 Household 2

Tutorial week 8_s1_2019 (1).docx - EC 304 Tutorial week 8...

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EC 304: Tutorial week 8 Question 1 Lorenz Curve and Gini Coefficient Income of household Household 1 1500 Household 2 8000 Household 3 2000 Household 4 10000 Household 5 9000 Household 6 12000 Household 7 15000 Household 8 16000 Household 9 30000 Household 10 20000 Use the above information to answer the following questions I. Arrange the data from lowest to highest. II. Calculate the total income III. Calculate the total income in each quintile
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