The tiny island nation of Pong has five residents, and t
Question and Solution
The tiny island nation of Pong has five residents, and the table below lists the annual income of each of these people.
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The tiny island nation of Pong has five residents, and the table below lists the annual income of each of these people. Fill in the table and draw a Lorenz curve showing the distribution of income for the nation of Pong. PERSON ANNUAL INCOME SHARE OF INCOME CUMULATIVE SHARE OF INCOME Angus $15,000 Belinda 25,000 Coco 45,000 Darius 70,000 Eva 95,000
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