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Instructions: Use the interactive tool to plot Lorenz curves for the information in the table....

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Accounting

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Instructions: Use the interactive tool to plot Lorenz curves for the information in the table. to 41 o 00 20 Cumulative % 0 20 40 of Population 60 80 100 Cumulative % of Income. 0 9 23 63 100 Iceland, 2010 Cumulative % of Income, Switzerland 37 60 100 2010 Cumulative % of income. United States 5 15 29 49 100 2010 United States data from the Congressional Budget Office at CBOgow Before-tax income, rounded to whole Data for other countries from World Bank org rounded to wholes Report your answers to two decimal places. According to these data, the Gini coefficient for Iceland in 2010 is 0.29 0 un The Gini coefficient for Switzerland in 2010 is 0,20 These Gini coefficients indicate that in 2010, the income distribution was more equal in Iceland compared to Switzerland In 2010, the income distribution was more unequal in the United States compared to Iceland

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