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Author Question: The table shows the income share for each household quintile and the cumulative shares.Households ... (Read 236 times)

curls713

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on: Nov 23, 2022

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 %)
First8.4​8.4​
Second13.7​​
Third​39.3​
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%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by curls713 on Nov 23, 2022

studyforce.com

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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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curls713

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

Dominic

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Reply 3 on: Yesterday
:D TYSM

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