• Order now
    •  

      Toll-Free Numbers

      Call me back Live Support
Free «Lorenz Curve» Essay Sample

a)

Initial data at first:

 

1

2

3

4

Total

Incomes

200

400

600

800

2000

People

100

50

150

50

350

Step 1: The calculation of the “% values”.

 

1

2

3

4

Total

Incomes, %

10

20

30

40

100

People, %

28.57

14.28

42.85

14.28

100

Step 2: The calculation of the cumulative sums.

 

1

2

3

4

Incomes, %

10

30

60

100

People, %

28.57

42.85

85.7

99.98

b)

Initial data at first:

 

1

2

3

4

Total

Incomes

100

200

300

400

1000

People

50

35

55

35

175

Step 1: The calculation of the “% values”.

 

1

2

3

4

Total

Incomes, %

10

20

30

40

100

People, %

28.57

20

31.43

20

100

Step 2: The calculation of the cumulative sums.

 

1

2

3

4

Incomes, %

10

30

60

100

People, %

28.57

48.57

80

100

 

c)

Initial data at first:

 

1

2

3

4

Total

Incomes

100

200

300

400

1000

People

75

40

50

10

175

Step 1: The calculation of the “% values”.

 

1

2

3

4

Total

Incomes, %

10

20

30

40

100

People, %

42.86

22.86

28.57

5.71

100

Step 2: The calculation of the cumulative sums.

 

1

2

3

4

Incomes, %

10

30

60

100

People, %

42.86

65.72

94.29

100

d)

Comments

To start with, the Lorenz curve that reflects initial data for c) deviates from bisector the most. This speaks a high polarization of society in terms of incomes. This means that in c) there exist a great gap of incomes between the richest- and the poorest people. If to speak about a) and b), these two variants show a quite similar result. However, there still exists one difference between them. The point is that in a) the middle of Lorenz curve approaches to bisector. This speaks about a strong middle class in society with the normal level of the differentiation of incomes.

Most popular orders

 
   

What our Clients say

Read all testimonials
 
Your Valentine’s Day Gift from ExclusivePapers.com Use discount code: LOVEiS and get 18% OFF your order! Order now
X
Click here to chat with us