B2. Consider the ten-person income distributions of three countries A, B and C summarised in the table below. Distributi

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B2 Consider The Ten Person Income Distributions Of Three Countries A B And C Summarised In The Table Below Distributi 1 (59.03 KiB) Viewed 32 times

B2. Consider the ten-person income distributions of three countries A, B and C summarised in the table below. Distribution A B С 1 2 3 4 5 6 7 8 9 10 £100 £250 £200 £300 £150 £500 £550 £400 £450 £350 £310 £350 £510 £150 £390 £190 £270 £470 £230 £430 £425 £535 £205 £480 £150 £370 £645 £590 £315 £260 Analyse and compare the three income distributions in terms of (1) first order stochastic dominance, (2) Generalised Lorenz dominance, (3) relative Lorenz dominance and (4) absolute Lorenz dominance. Show your calculations and graphs. Explain your findings in detail.