Consider ten households, A through J, whose incomes are as shown below (first line). A C D E F G H. J 15 20 35 40 65 115 135 200 375 1,000 0.75% 1.75% The cumulative income share of households A to D is percent. The cumulative income share of households A to I is percent. If income was equally distributed, the income of household G would be and t cumulative income share of household A to D would be percent. For cumulative income share calculations, round to the 2nd decimal place and omit the percent sign.

Consider ten households, A through J, whose incomes are as shown below (first line). A C D E F G H. J 15 20 35 40 65 115 135 200 375 1,000 0.75% 1.75% The cumulative income share of households A to D is percent. The cumulative income share of households A to I is percent. If income was equally distributed, the income of household G would be and t cumulative income share of household A to D would be percent. For cumulative income share calculations, round to the 2nd decimal place and omit the percent sign.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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