23. Arnold, Betty, Christine, Donald, and Elena receive incomes of $0, $400, $200, $100, and $300. Starting with the top 20% of the population, write in the correct income share in percentages. Then in a line below it, write in the income share for the second 20%. In another line write in the income share for the middle 20%, then on another line, the income share for the fourth 20%, and finally the income share for the bottom 20%. Please state your answers in percentages for full credit. You do not have to show your calculation. population share income share top 20% ______________ 2nd 20% ______________ mid 20% _____________ 4th 20% _____________ bottom 20% _____________
23. Arnold, Betty, Christine, Donald, and Elena receive incomes of $0, $400, $200, $100, and $300. Starting with the top 20% of the population, write in the correct income share in percentages. Then in a line below it, write in the income share for the second 20%. In another line write in the income share for the middle 20%, then on another line, the income share for the fourth 20%, and finally the income share for the bottom 20%. Please state your answers in percentages for full credit. You do not have to show your calculation.
population share income share
top 20% ______________
2nd 20% ______________
mid 20% _____________
4th 20% _____________
bottom 20% _____________
24. Based on your answers in question #23, fill in the cumulative income distribution table using percentages. Please start with the cumulative income share for the bottom 20%; then the cumulative income share for the bottom 40%; then the cumulative income share for the bottom 60%; than the cumulative income share for the bottom 80%; and finally the cumulative income share for all 100% of the population. Please state your answer in percentages and present your answer with bottom 20% at the bottom for full credit. You do not have to show your calculation.
population share cumulative income share
all 100% _____________
bottom 80% ______________
bottom 60% _____________
bottom 40% _____________
bottom 20% _____________
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