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    Lorenz curve

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    Consider the following estimates from the 1990s of shares of income of each group. Draw a rough Lorenz curve for each country. Which has the most nearly equal distribution, based on your diagram.

    Country Poorest 40% Next 30% Next 20% Richest 10%
    Bolivia 13 21 26 40
    Chile 13 20 26 41
    Uruguay 22 26 26 26

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    https://brainmass.com/economics/income-distribution/lorenz-curve-distribution-375398

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    See the attached file. Thanks

    Solution:
    Cumulative %age of Population Cumulative %age of Income
    Bolivia Chile Uruguay Equal ...

    Solution Summary

    Shows how to draw Lorenz curve for a country by using example of three countries i.e. Bolivia, Chile, Uruguay and identifies which has the most nearly equal distribution.

    $2.49

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