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Show all your calculations and explain all your answers 1. (I'll points) (a) Draw Lorenz curves for 2 income distributions. Can you say which

Screen Shot 2018-03-26 at 3.02.26 PM (3).png which distribution is more unequal, and question 1b

Screen Shot 2018-03-26 at 3.02.26 PM (3).png

Show all your calculations and explain all your answers
1. (I'll points) (a) Draw Lorenz curves for 2 income distributions. Can you say which distribution is
more unequal based on the figural?
Income Distribution in Twilightia: ($100, $200, $300, 5400}; (IN, 1m, 400, Hill) Income Distribution in Avalon-in: ($3100, $500, $55!], $85“); (4m, 2m, Sill], sun) Notethatfliefirstsetofnumbersrepresents d1evariousincomes;whereasfl1esecondsetofnumbu's
represents the number of people earning,r each of these incomes. For example, in 'I‘wilightia there are
200 people with the income of$1£fl,1m people with the income of $200, and so on. Eb} Assume that Scrooge 151ch with his income of $1,000.!!!) has moved into Twilightia How does this change affect Lorenz curve and Gini coefficient in Twilightia? (You do need to draw or
calculate anyttdngJust explain).

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