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Author Question: The table shows the income share for each household quintile and the cumulative shares.Households ... (Read 224 times)

curls713

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Question 1

Income Inequality and Poverty Rates

The table shows the distribution of money income in Fakelandia.
HouseholdsMoney income (percentage)
Lowest 20 percent4.9
Second 20 percent12.9
Third 20 percent16.9
Fourth 20 percent24.5
Highest 20 percent40.8
What is the cumulative percentage of income earned by the bottom 80 percent of households?
◦ 24.5%
◦ 95.1%
◦ 59.2%
◦ 12.9%

Question 2

The table shows the income share for each household quintile and the cumulative shares.
Households (quintile)Income (%)Income (cumulative %)
First8.48.4
Second13.7
Third39.3
Fourth23.6
Fifth
What is the income (%) for the third quintile? What is the income (cumulative %) for the fourth quintile?
◦ 25.6%, 62.9%
◦ 17.2%, 62.9%
◦ 17.2%, 40.8%
◦ 25.6%, 40.8%


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Marked as best answer by curls713 on Nov 23, 2022

studyforce.com

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curls713

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Reply 2 on: Nov 23, 2022
Gracias!


nothere

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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