The Table Below Shows the Distribution of Market Income in an Economy.The

question 36

Essay

The table below shows the distribution of market income in an economy.The government redistributes income by collecting income taxes and paying benefits shown in the table.
a∙Calculate the income shares of each 20 percent of households after tax and redistribution.

b∙In the figure below, draw the Lorenz curves for this economy, both before and after taxes and benefits.

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Definitions:

Treatment Outcomes

The results or consequences of medical or psychological interventions, often measured to assess the effectiveness of a treatment.

Intervention

Actions taken to improve a situation, especially in the context of health, social, or educational issues.

Program Impact

The effect or influence that a specific program or initiative has on its participants or target audience.

Assessment

A process that integrates test information with information from other sources including information obtained from other tests as well as the individual’s social, educational, employment, health, or psychological history.