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B2. Consider the ten-person income distributions of three countries A, B and C summarised in the table below. Distributi
Posted: Thu May 19, 2022 7:42 am
by answerhappygod
- 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 34 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.