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- - - - -- Cumulative wealth - - - - - -- - - 0 0.1 0.2 0.8 0. 9 1 0.3 0.4 0.5 0.6 0.7 Cumulative population For this Lorenz

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Answer #1

Answer) This Lorenz curve is depicting the distribution of wealth among different cumulative population. As the y axis on the Lorenz curve indicates the accumulation of total wealth present in the nation.

The Gini coefficient would be more towards zero as the lorenze curve is drifting away from the 45 degree line, which depicts the perfect equality. Hence there is more inequality in the nation as depicted by the Gini coefficient.

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