Author Question: The table shows the income share for each household quintile and the cumulative shares.Households ... (Read 292 times)

curls713 · **on:** Nov 23, 2022

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%

studyforce.com · **Reply #1 on:** Nov 23, 2022

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