A certain country's income distribution is described by the function

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Sketch the Lorentz curve for this function.

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Compute  and interpret your results.

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A.

The lowest 60 percent of the people receive 37.3 percent of the total income.

The lowest 80 percent of the people receive 64.9 percent of the total income.

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B.

The lowest 80 percent of the people receive 37.3 percent of the total income.

The lowest 60 percent of the people receive 64.9 percent of the total income.

?


C.

The lowest 60 percent of the people receive 37.3 percent of the total income.

The lowest 80 percent of the people receive 64.9 percent of the total income.

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Answer: A

Mathematics

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a. x = 24, y = 0, z = 24, t = 0, u = 11, v = 21, w = 32, P = 134
b. x = 0, y = 24, z = 0, t = 0, u = 11, v = 21, w = 32, P = 168
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