This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Arguments for RedistributionThe table shows the distribution of money income, the income tax rate, ... (Read 286 times)

booty5

  • Full Member
  • ***
  • Posts: 146
on: Nov 23, 2022
Arguments for Redistribution

The table shows the distribution of money income, the income tax rate, and the benefits the government provides to each quintile in Fairland.
HouseholdsIncome
(millions of dollars per year)		Income tax rateBenefits
(millions of dollars per year)
Lowest quintile4​011​
Second quintile14​10%8​
Third quintile20​18%1​
Fourth quintile23​28%0
Highest quintile35​39%0
After government taxes and redistribution, what is the percentage of total income for the second quintile? For the highest quintile?
Please round your final answer to two decimal places.
◦ 14.58%, 36.46%
◦ 25.20%, 14.92%
◦ 25.20%, 36.46%
◦ 14.58%, 14.92%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by booty5 on Nov 23, 2022

labrinker

  • Full Member
  • ***
  • Posts: 162
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


booty5

  • Member
  • Posts: 146
Reply 2 on: Nov 23, 2022
Excellent

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Distribution of Aggregate Mining Distribution of Aggregate Mining
The Normal Distribution of Scores for a Standardized Intelligence Test The Normal Distribution of Scores for a Standardized Intelligence Test
Generalized scheme showing the contribution of absorption, distribution, metabolism, elimination, ... Generalized scheme showing the contribution of absorption, distribution, metabolism, elimination, ...
Distribution of Crust Remaining from Archean and Proterozoic Distribution of Crust Remaining from Archean and Proterozoic
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library