Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka |Mongolia Average household income $3,000 $3,000 40.6% Percentage of total of income earned by the top quintile of households 47.6% Percentage of total of income earned by the bottom quintile of households 7.0% 8.0% Average household income varies more in Mongolia than in Sri Lanka. The rich tend to be richer in Mongolia than in Sri Lanka. Average income in the top quintile is lower in Sri Lanka than in Mongolia. Average income in the bottom quintile is lower in Sri Lanka than in Mongolia.

Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka |Mongolia Average household income $3,000 $3,000 40.6% Percentage of total of income earned by the top quintile of households 47.6% Percentage of total of income earned by the bottom quintile of households 7.0% 8.0% Average household income varies more in Mongolia than in Sri Lanka. The rich tend to be richer in Mongolia than in Sri Lanka. Average income in the top quintile is lower in Sri Lanka than in Mongolia. Average income in the bottom quintile is lower in Sri Lanka than in Mongolia.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section19.1: Characteristics Of Developing Nations

Problem 5R

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