Consider the following data on income distribution from two years: First 20% 2nd 20% 3rd 20% 4th 20% Top 20%
1990 3.7% 12.0% 16.1% 22.3% 45.9%
1980 4.1% 9.7% 15.4% 27.5% 43.3%

Required:
a. Plot these points and draw a Lorenz curve for each of these two years. As a reference, include a Lorenz curve in which all quintiles earn the same amount of income. Label your axes clearly.
b. What happened to the share of income earned by the poorest quintile between1980 and 1990?
c. What happened to the share of income earned by the richest quintile between1980 and 1990?
d. What happened to the second and third quintiles between 1980 and 1990?

Which of the following statements is true about financial planning

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.