The table shows the income share for each household quintile and ...

[curls713]

Question 1

Income Inequality and Poverty Rates

The table shows the distribution of money income in Fakelandia.

Households	Money income (percentage)
Lowest 20 percent	4.9​
Second 20 percent	12.9​
Third 20 percent	16.9​
Fourth 20 percent	24.5​
Highest 20 percent	40.8​

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 %)
First	8.4​	8.4​
Second	13.7​	​
Third	​	39.3​
Fourth	23.6​	​
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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[curls713]

Thanks for the timely response, appreciate it

[kswal303]

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