In mexico in 1950 the richest 5 earned 40 of the income and


In Mexico in 1950, the richest 5% earned 40% of the income and the poorest 40% earned 14.3% of the income. In 1957, the richest 5% earned 37% of the income and the poorest 40% earned 11.3% of the income. In 1963, the richest 5% earned 28.8% of the income and the poorest 40% earned 10.1% of the income. Has inequality gone up or down between 1950 and 1957, between 1957 and 1963, and between 1950 and 1963, according to the Lorenz criterion? Justify answer graphically.

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Business Economics: In mexico in 1950 the richest 5 earned 40 of the income and
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