-The Above Table Shows the Distribution of Income in Two

question 147

Essay

$$\begin{array} { l c c } { \begin{array} { c } \text { Household } \\\text { percent age }\end{array} } & \begin{array} { c } \text { Percent of } \\\text { income } \\\text { Alpha }\end{array} & \begin{array} { c } \text { Percent of } \\\text { income } \\\text { Beta }\end{array} \\\hline \text { Lowest 20 percent } & 5 & 3 \\\text { Second 20 percent } & 10 & 6 \\\text { Third 20 percent } & 20 & 12 \\\text { Fourth 20 percent } & 30 & 24 \\\text { Highest 20 percent } & 35 & 55 \\\hline\end{array}$$
-The above table shows the distribution of income in two imaginary countries,Alpha and Beta.
a.In the figure below,draw the Lorenz curves for Alpha and Beta.

b.Compare the distribution of income in Alpha with that in Beta.Which distribution is more unequal?
c.What would be the distribution of income in a country with perfect income equality?

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Definitions:

Centers For Medicare And Medicaid Services

A federal agency within the United States Department of Health and Human Services that administers the nation’s major healthcare programs, namely Medicare, Medicaid, and the Children's Health Insurance Program (CHIP).

National Hospital Association

An organization that represents the interests of hospitals and health systems across a particular nation, focusing on policy advocacy, education, and best practices.

General Equivalence Mappings

A system used in healthcare to convert ICD-9 to ICD-10 coding, ensuring an accurate transition of medical data across different coding systems.

ICD-9-CM/PCS

International Classification of Diseases, 9th Revision, Clinical Modification/Procedure Coding System; a set of codes used for diagnosing and classifying diseases before being replaced by ICD-10.