Suppose you were given the following information: U.S. 1996 U.S. 1936 Percent of families 20 5...

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Suppose you were given the following information: U.S. 1996 U.S. 1936 Percent of families 20 5...

Suppose you were given the following information:

	U.S. 1996	U.S. 1936
Percent of families
20	5	3
40	18	14
60	25	28
80	39	47
100	100	100

Draw the Lorenz curves for family income in 1936 and 1996.
During which period of time was income inequality the greatest?

business economics

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