Q3: Without doing additional calculations, explain what would happen to the shape of the Lorenz curve and inequality in 2012 if households in and below the 15th percentile received cash transfers from the government.
Q3: Without doing additional calculations, explain what would happen to the shape of the Lorenz curve and inequality in 2012 if households in and below the 15th percentile received cash transfers from the government.
Chapter17: Income, Poverty, And Health Care
Section: Chapter Questions
Problem 2P
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Question
![Q3: Without doing additional calculations, explain
what would happen to the shape of the Lorenz curve
and inequality in 2012 if households in and below the
15th percentile received cash transfers from the
government.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ec988f2-3387-49f4-9fbb-ff775f62c06b%2Fbbdd0756-1d2b-4ad1-8b78-2e47275e27b3%2F505w0p_processed.png&w=3840&q=75)
Transcribed Image Text:Q3: Without doing additional calculations, explain
what would happen to the shape of the Lorenz curve
and inequality in 2012 if households in and below the
15th percentile received cash transfers from the
government.
![120
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Share of Pd Horizontal (Value) Axis
Perfect equality line
- Cumulative share of income in 2011 (%)
- Cumulative share of income in 2012 (%)
Cumulitive Share of Income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ec988f2-3387-49f4-9fbb-ff775f62c06b%2Fbbdd0756-1d2b-4ad1-8b78-2e47275e27b3%2Fq6kjnhx_processed.png&w=3840&q=75)
Transcribed Image Text:120
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Share of Pd Horizontal (Value) Axis
Perfect equality line
- Cumulative share of income in 2011 (%)
- Cumulative share of income in 2012 (%)
Cumulitive Share of Income
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