a) With the following data draw a Lorenz Curve. Explain what the Lorenz Čurve illustrates, and what the results mean. % of population % of income Lowest 20% 6.1 Second lowest 13.3 Middle 20% 17.0 Second highest 22.0 Highest 20% 41.6 b) Now explain how one gets the Gini Coefficient from the Lorenz Curve, and what information the coefficient provides.

The tables show the (approximate) distributions of money income in the United States and Canada United States Cumulative percentage of Households Income Lowest 40 Lowest BO 12 50 Canada Cumulative percentage of Households Income Lowest 40 16 Lowest Bo 56 Draw the line of equality Draw the Lorenz curve for the United States Draw a point to show the cumulative percentage of income received by the lowest 80 percent of households. Label it U.S. Draw the Lorenz curve for Canada. Draw a point to show the cumulative percentage of income received by the lowest 40 percent of households Labelit Canada Based on this data, which country has the more unequal distribution? OA. Canada B. The United States OC. It is impossible to tell without more information OD. Neither. They have the same degree of inequality 100 90- 00 70- 60- 60- 40- 30- 20 10 Cumulative percentage of income 10 20 30 40 50 60 70 80 90 100 Cumulative percentage of households >>>Draw only the objects specified in the question. G

Find an existing national coalition active on economic inequality and evaluate it using the following criteria. How does the coalition define the problem they are seeking to address? Is the coalition centered more on the problem, a concrete solution or solutions, or both? Explain. What decision makers does the coalition appear to target? Who are some of the members of the coalition? To what extent is the membership evident of the coalition "drafting for talent and need"? Does the coalition have any high profile champions? If yes, who? How does the coalition keep its members engaged?

A. Explain the concepts of the 'Lorenz curve' and 'Gini coefficient'. In answering this question, explain the difference between a flatter Lorenz curve and a bent concave Lorenz curve (i.e., pointing to the right of a diagram). B. List and discuss two policies for reducing poverty,