-The Table Above Gives the Average Income Received by Each

question 55

Essay

$$\begin{array} { c c c c } \begin{array} { c } \text { Household } \\\text { percentage }\end{array} & \begin{array} { c } \text { Average income } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Percentage } \\\text { of income }\end{array} & \begin{array} { c } \text { Cumulative } \\\text { percentage of } \\\text { income }\end{array} \\\hline \text { Lowest 20 percent } & 10,000 & - & - \\\text { Second 20 percent } & 26,000 & - & - \\\text { Third 20 percent } & 38,000 & - & - \\\text { Fourth 20 percent } & 55,000 & - & - \\\text { Highest 20 percent } & 140,000 & - & - \\\hline\end{array}$$
-The table above gives the average income received by each 20 percent group of households.Complete the table by finding the percentage of income earned by each group and the cumulative percentage of income.Label the figure below and then plot the Lorenz curve.

---

Definitions:

Stockpiled Resources

Refers to accumulated materials or goods kept on hand for future use, often in preparation for shortages or emergencies.

Reverse Conditioning

A behavior modification technique where the conditioning process is applied in reverse, to eliminate or alter an unwanted behavior or reaction.

Systematic Desensitization

A behavioral therapy technique aimed at reducing anxiety or fear through gradual exposure to the feared object or situation.

Negative Attitude Change

The process through which an individual's favorable perspective or feeling towards an object, person, or situation becomes unfavorable.