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The income distributions for three countries are in the table below. % of total national income Argentina Honduras Denmark 38

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Answer #1

From the above table and graph it is clear that

Denmark has least inequality, so the Curve A represents Denmark

Argentina has greater inequality than Denmark but less than Honduras, so Curve B represents Argentina

Honduras is represented by Curve C with highest inequality

Lorenz curve Lorenz curve 100 Argentina Year: % (cum.) % (cum.) Group 80 48 20 20.0 1 48.0 40 20.0 2 23.0 71 3 15.0 86 20.0 6

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