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Chapter 30: Q.2 (page 689)

Consider the following estimates from the early 2010s of shares of income for each group. Use graph paper or a hand-drawn diagram to draw rough Lorenz curves for each country. Which has the most nearly equal distribution, based on your diagram?

Short Answer

Expert verified

Uruguay has the most nearly equal distribution based on the diagram

Step by step solution

01

Given Information

The Lorenz curve is the realistic technique for concentrating on scattering. Showing the degree of light scattering between equivalent circulation and real conveyance of a variable is utilized.

02

Explanation 

Green curve - Uruguay

Red curve - Chile

Blue curve - Bolivia

Uruguay has the most nearly equal distribution

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Most popular questions from this chapter

In which the poverty rate has risen in some years and fallen in others but since 1985 has tended to lie in a range between 10 percent and just over 15 percent. If the government's official poverty rate has been based on an absolute measure of poverty instead of a relative measure, would the data plot have tended generally to have sloped upward over time or to have sloped downward? Explain.

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