The table below shows information about the distribution of income in two countries. The rows are labeled "deciles" which are likepercentiles but for groups of 10% instead of 1% of the population. The 1St decile is the poorest 10%, for example, while the10th decile is the richest 10%.CoruscantNaboocumulative incomecumulative incomedecileincome shareshareincome share share1st2.29%2.29%3.12%3.12%2nd3.93%6.22%4.50%7.62%3rd5.30%11.52%5.69%13.31%4th6.56%18.08%6.80%20.11%5th7.81%25.89%7.91%28.02%6th9.14%35.04%9.11%37.13%7th10.69%45.73%10.52%47.65%8th12.71%58.44%12.37%60.02%9th15.94%15.32%10th25.61%24.66%mean income = 50,00035,000What is the cumulative income share for the bottom 9 deciles in Naboo?

We have to find cumulative income share for the bottom 9 deciles in Naboo.

ole belov w snows rows ar rcentiles but for groups of 10% instead of 1% of the population. The 1s decile is the poorest 1 th decile is the richest 10%. Coruscant Naboo cumulative income cumula decile income share share income share share 1st 2.29% 2.29% 3.12% 3.12% 2nd 3.93% 6.22% 4.50% 7.62% 3rd 5.30% 11.52% 5.69% 13.31%

ole belov w snows rows ar rcentiles but for groups of 10% instead of 1% of the population. The 1s decile is the poorest 1 th decile is the richest 10%. Coruscant Naboo cumulative income cumula decile income share share income share share 1st 2.29% 2.29% 3.12% 3.12% 2nd 3.93% 6.22% 4.50% 7.62% 3rd 5.30% 11.52% 5.69% 13.31%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The accompanying table lists the incomes of five citizens of a hypothetical economy. Suppose the government introduces a new program for low-wage carners. Under this program, cach citizen is given a refund that is paid for with tax revenues and is equal to a percentage of the citizen's income. The chart shows applicable income brackets and the percentage to be refunded. Citizen Income ($) Income Range ($) Income Supplement (% of Original) Frankie 27000.00 0-17,000 40% Vinnie 33000.00 17,001-36,000 25% Artie 15000.00 36,001-52,000 10% Nicky 62000.00 52,001 and above 0% Jackie 25000.00 What is the amount of Frankie's refund? What is the amount of Artie's refund? What is the amount of Nicky's refund? Which of the following is a problematic feature of a welfare state that is mitigated by the supplement's gradual decline? the implicit marginal tax inflation a revenue shortfall recession
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Jackie moved to Spain to work for a public relations firm. She had health insurance from herprevious employer, but she was surprised to learn that her new employer in Spain did notoffer healthcare coverage. When she asked about this, she was told that more than 90percent of Spaniards use the public healthcare system, which was mostly free. However,her new employer did provide supplementary private health insurance that would allow herto receive quicker care from a private hospital if she desired.Jackie learned that she would be paying 4.7 percent of her salary and her employerwould pay 23.6 percent of her salary to the government for health insurance. She was given a Tarjeta Sanitaria Individual health card to prove that she had health insurance. With this,she could get free care at public hospitals and doctors’ offices. However, before seeing adoctor, she would need to register with a local primary care physician and decide whethershe would use public or private payment. If she needed…
. Consider two communities. In one community,ten families have incomes of $100,000 each and tenfamilies have incomes of $20,000 each. In the othercommunity, ten families have incomes of $250,000each and ten families have incomes of $25,000 each.a. In which community is the distribution of incomemore unequal? In which community is theproblem of poverty likely to be worse?b. Which distribution of income would Rawls prefer?Explain.c. Which distribution of income do you prefer?Explain.d. Why might someone have the oppositepreference?
Total Income (cumulativo parcontags) 100 80 9 23. BO Total Population (cumulative percentage 20 09 C 7:00
FIGURE 12.5 U.S. Racial-Ethnic Groups Americans of European Descent German 50,272,000 16.5% Irish 36,278,000 11.9% 199,491,000 65% English/British 28,630,000 9.4% Italian 17,749,000 5.8% French 11,526,000 3.8% Polish 9,887,000 3.25% Scottishd 9,365,000 3.1% Dutch 4,929,000 1.6% Norwegian 4,643,000 1.5% Swedish 4,390,000 1.4% Russian 3,130,000 1.0% Welsh 1,980,000 0.6% Czech 1,914,000 0.5% Hungarian 1,539,000 0.5% Danish 1,459,000 0.5% Portuguese 1,419,000 0.5% Greek 1,351,000 0.4% 997,000 839,300 Swiss 0.3% Others 0.2% Americans of African, Asian, North, Central, and South American, and Pacific Island Descent Latino 46,944,000 15.4% African American 39,059,000 12.8% Asian American 13,549,000 4.5% Native American9 3,083,000 1.0% 104,743,000 34% Arab 1,546,000 0.5% Claim Two or More Race-Ethnicities 5,167,000 1.7% Overall Total: 4% 8% 12% 16% 20% 309,401,000 Percentage of Americans Source: By the author, Based on Statistical Abstract of the United States 2010:Table 10; 2011:Table 52. 4)…
quintile cumulativeshare of households a cumulative share of income b cumulative share of income poorest 10.5 2.5 2nd 13.2 6.8 middle 21.6 13.9 4th 26.4 24.2 richest 28.3 52.6
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Ey) 0% Cumulative share of people Multiple Choice O Which of the following statements is true? 1. The midpoint of each line demonstrates the area with least inequality. II. Curve A demonstrates a more equal society than curve B. III. On both curves, individuals in the 99th percentile of the income distribution earn more than 1 percent of the total income. I only Il and Ill only I and Ill only 0% I, II, and Ill 100% Proy 12 of 25 # Movt Help Save
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