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

question 2

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.

---

Definitions:

Field Hospitals

Temporary medical units established to provide care and treatment to the sick and wounded near areas of active combat or natural disaster.

Self-Determination

The principle or right of a people to determine their own political status and pursue their own economic, social, and cultural development.

Colonial Arrangements

Refers to the systems and policies established by colonial powers to manage and control their colonies, including governance, economic exploitation, and cultural imposition.

Flu Epidemic

refers to widespread outbreaks of the influenza virus that can affect large populations across multiple continents, such as the 1918 Spanish Flu pandemic.