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Lorenz Curve In Chapter 19

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The discussion of the Lorenz curve in Chapter 19 provides information on income inequality that has arisen in the United States since 1967, as factors like education which are characteristic of society affect the results of such percentages. Poverty, poor income distribution in the population, the economy, government policies, welfare reform among others are part of that discussion giving us a clear view of what happened in the North American country.

According to the World Bank's Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy moves away from a perfectly equal distribution. A Lorenz curve shows the cumulative percentages of total income received against the cumulative number of recipients, starting from the poorest individual or household. The Gini index …show more content…

Thus, no poor least 784.000, for a total of 13.210.000 people.

Likewise, the report explains that a person to have an income above $ 211,807 pesos a month ($ 70.6 USD) exceeds poverty. Thus, a family of four, stop being poor if more than 847,228 pesos ($ 282.4 USD).

I cannot ignore that information from my point of view is far from reality and the truth of what happens inside Colombia is always manipulated by the president and his ministers to receive compliments from other countries and be able to bring foreign investment, not that I mean it's bad foreign investment is only foreigners come, take resources and very little is left to the country, but what if leave is destruction, desolation and

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