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.
CountryPoorest 40%Next 30%Next 20%Richest 10%
Bolivia13 2126 40
Chile13 2026 41
Uruguay22 2626 26
CountryPoorest 40%Next 30%Next 20%Richest 10%
Bolivia13 2126 40
Chile13 2026 41
Uruguay22 2626 26