#x27;Q.1 In the table below, you are given data on income distribution within the UK for the year 2012-2013. Population clumped together Percentage share of total Percentage share of disposable based income income (S) income (after taxes and transfers) (S) Bottom most quintile Second quintile 14 Middle quintile 15 17 Fourth quintile 25 22 Top most quintile 49 38 a) Using the information given in the table above and choosing the appropriate diagram, you are required to plot two Lorenz curves that will show the distribution of income before and after intervention by the government in the form of taxes and benefits. Label them as LCI and LC2 respectively: b) Now calculate the Gini coefficients for both cases and comment on the nature of intervention (or type of tax system) by the government. #x27;

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