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Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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Internet Exercises
The Lorenz Curve
Questions- Examine the Lorenz curves for Estonia and Lithuania appearing in Figure 22. (You will have to move down through this document to locate this table.) (Source: Economic and Social Changes in the Baltic States in 1992-1994, Estonian Academy of Sciences.) Which country has a more egalitarian distribution of income? How can you tell?
- Use the data in the U.S. Census Bureau's table describing the degree of income inequality in the U.S. to construct Lorenz curves for the years 1974 and 1994. In which year was the distribution of income more equitable? How can you tell?
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