UM Effect on Poverty Questions

Description

Answer the following questions:

Carefully graph the Lorenz curve, labeling the axes.

Explain how to find the Gini coefficient, graphically.

Brazilànational income is about $300 billion. What is the approximate dollar income of the bottom 20%? Bottom 40%?
Brazilàpopulation is approximately 150 million. Suppose that each household makes the average income for its quintile. What is the level of poverty if the poverty line is $400 per capita?
Suppose one percent of national income was transferred from the richest 20% of households to the poorest 20% of households. Show the effect on relative inequality. Under the same transfer, what is the effect on poverty?

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