{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

lorenz assignment

lorenz assignment - years 2 The Gini Coefficients for both...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Grace Lee RUID: 137009205 Lorenz Curve Assignment 1. Referring to the position of the two Lorenz Curves, the distribution of income between 1970 and 2010 clearly changed. Compared to 1970, the poorest 20% of households was less in 2010. Also, the wealthiest 20% of households (those to the right of the 80% mark) was greater in 2010 than in 1970. It is evident from the data given that the overall cumulative percent of income was greater in 2010. There were fewer poorer households, and a greater number of wealthy households than compared to households from 1970. This may be because of positive advancements in the economy throughout the
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: years. 2. The Gini Coefficients for both 2010 and 1970 can be found by using the data and graph given. Larger Gini coefficients mean greater inequality. Therefore, there was a greater inequality during the year 2010. The change in these coefficients is consistent with the story I got on inequality by looking at the Lorenz Curves. Because there was a greater cumulative percent of income in 2010, there was a larger Gini coefficient and a greater inequality during that year....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern