From this table (Typical Size Distribution of Personal Income ina Developing Country), what is the income share of the top30% of the population?Individuals1234567991011121314151617181920Total (national income)8.96444.528.5Personal Income(money units)0.81.01.41.81.92.0NNNS2.42.72.83.03.43.84.24.85.97.110.512.013.515.0100.0Share of Total Income (%)Quintiles59132251100Deciles1.83.23.95.15.87.29.013.022.528.5100.0

Income distribution refers to the way in which a country or a specific population's total income is…

Answered: From this table (Typical Size…

ENGR.ECONOMIC ANALYSIS

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Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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The table presents recent data from the World Bank. Based on the data in the table, which statement is correct? Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka Mongolia $3,000 40.6% 8.0% Average household income Percentage of total of income earned by the top quintile of households Percentage of total of income earned by the bottom quintile of households 7.0% $3,000 47.6% 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.
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From this table (Typical Size Distribution of Personal Income in a Developing Country), what is the income share of the top 30% of the population? Individuals 1 2 3 Personal Income (money units) 0.8 1.0 1.4 Share of Total Income (%) Quintiles Deciles 1.8