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# Ex--2 - AGEC 340 Exercise 2 To be submitted...

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AGEC 340 Exercise 2. To be submitted online (Blackboard) before Tuesday, Feb 15 th , 9 AM. How much points can I earn for each question? Question Points 1 10 2 10 3 10 4 10 5 10 6 10 7 25 8 5 9 5 10 5 TOTAL 100 Information for Questions 1, 2 and 3 Please find below a table with Income distribution data are for Brazil. Table 1. Income distribution data are for Brazil. Quintile Percent Share Lowest 20% 2.4% Second quintile 5.7% Third quintile 10.7% Fourth quintile 18.6% Highest 20% 62.6% Highest 10% 46.2% Question 1 Which of the curves below is the Lorenz curve for Brazil? Use the information in Table 1.

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0 2,4 8,1 18,8 37,4 100 0 20 40 60 80 100 0 20 40 60 80 100 Percentage of income Percentage of income recipients A 0 20 40 60 80 100 0 20 40 60 80 100 0 20 40 60 80 100 Percentage of income Percentage of income recipients B 0 2,4 5,7 10,7 18,6 62,6 0 20 40 60 80 100 0 20 40 60 80 100 Percentage of income Percentage of income recipients C 0 62,6 81,2 91,9 97,6 100 0 20 40 60 80 100 0 20 40 60 80 100 Percentage of income Percentage of income recipients D Answer: A Question 2 Brazil’s national income is about \$300 billion. What is the approximate dollar income of the bottom
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Ex--2 - AGEC 340 Exercise 2 To be submitted...

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