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Author Question: Arguments for RedistributionThe table shows the distribution of money income, the income tax rate, ... (Read 256 times)

booty5

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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
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Marked as best answer by booty5 on Nov 23, 2022

labrinker

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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.
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booty5

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

raenoj

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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