Assume that you have the following information about a country:
Percentile of population Income in Billions %share cumm value
Bottom 20% $300 5% 5%
2nd 20% 500 8 13
3rd 20% 900 15 28
4th 20% 1,500 25 53
5th 20% 2,800 47 100
1) Draw the lorenz curve for this case (This is the part I did)
2) Calculate the Gini coefficient