Based on the Lorez curve, you cannot tell from this table which country has the least total income. Bulgaria has the least income inequality .
Lorenz curve is a graphical representation of income inequality developed by Max Lorenz in 1905. Lorenz curve represents the population percentiles on the horizontal axis according to income or wealth and plot cumulative income or wealth on the vertical axis.
Based on the Lorenz curve, we cannot determine which country has the least total income because Lorenz curve involves a continuous function to some incomplete set of data. Lorenz curve is sensitive to the quality and sample size of the dta and the mathematicala assumptions and judgement used.
For example, the percentage of each quintile might failed to represents the real comparison in the amount of people in each quintile. We do not know the total number of people in each country surveyed.
However, we may find that Bulgaria has the least income inequality because it has the mosy aligned curve compare to the other 2 countries.
Please refer to the graph attached below.
Learn more about Lorenz Curve here: https://brainly.com/question/17312586
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Complete Question:
The following table shows the approximate income distribution for Bulgaria, Lithuania, an Peru in 2015. In particular, it shows the income shares of each quintile of the income distribution.
(Please refer to the table attached below)
________ has the least total income
On the following graph, plot the Lorenz Curves for the three countries. Plot Bulgaria's Lorenz curve using the green point (triangle symbol), Lithuania's Lorenz curve using the blue point (circle symbol), and Peru's Lorenz curve using the red point (cross symbol). Line segments will automatically connect the points.
________ has the least income inequality (Hint: You may want to refer to your previous answers).
