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QUESTION 1 Distribution of Income in Imagination Number of Families Income Range 23,500 less than $18,000 Average Income $15,890 42,410 between $18,000 and $36,000 $27,450 57,330 between $36,000 and $54,000 $46,220 63,490 between $54,000 and $72,000 $65,000 24,770 23,500 between $72,000 and $90,000 more than $90,000 $80,790 $118,750 If the poverty line in Imagination is $18,000, the poverty rate is If the poverty rate in Imagination is 25%, the poverty line is The Human Development Report computes a measure of inequality by dividing the income of the richest 10% of the population by the income of the poorest 10%. The value for this measure of inequality in the US is 15.9 and the value for India is 8.6. We can conclude that distribution of income than the U.S. and a Imagination has a distribution of income than India. 0.5 points

QUESTION 1 Distribution of Income in Imagination Number of Families Income Range 23,500 less than $18,000 Average Income $15,890 42,410 between $18,000 and $36,000 $27,450 57,330 between $36,000 and $54,000 $46,220 63,490 between $54,000 and $72,000 $65,000 24,770 23,500 between $72,000 and $90,000 more than $90,000 $80,790 $118,750 If the poverty line in Imagination is $18,000, the poverty rate is If the poverty rate in Imagination is 25%, the poverty line is The Human Development Report computes a measure of inequality by dividing the income of the richest 10% of the population by the income of the poorest 10%. The value for this measure of inequality in the US is 15.9 and the value for India is 8.6. We can conclude that distribution of income than the U.S. and a Imagination has a distribution of income than India. 0.5 points

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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QUESTION 1 Distribution of Income in Imagination Number of Families Income Range 23,500 less than $18,000 Average Income $15,890 42,410 between $18,000 and $36,000 $27,450 57,330 between $36,000 and $54,000 $46,220 63,490 between $54,000 and $72,000 $65,000 24,770 23,500 between $72,000 and $90,000 more than $90,000 $80,790 $118,750 If the poverty line in Imagination is $18,000, the poverty rate is If the poverty rate in Imagination is 25%, the poverty line is The Human Development Report computes a measure of inequality by dividing the income of the richest 10% of the population by the income of the poorest 10%. The value for this measure of inequality in the US is 15.9 and the value for India is 8.6. We can conclude that distribution of income than the U.S. and a Imagination has a distribution of income than India. 0.5 points
Transcribed Image Text:QUESTION 1 Distribution of Income in Imagination Number of Families Income Range 23,500 less than $18,000 Average Income $15,890 42,410 between $18,000 and $36,000 $27,450 57,330 between $36,000 and $54,000 $46,220 63,490 between $54,000 and $72,000 $65,000 24,770 23,500 between $72,000 and $90,000 more than $90,000 $80,790 $118,750 If the poverty line in Imagination is $18,000, the poverty rate is If the poverty rate in Imagination is 25%, the poverty line is The Human Development Report computes a measure of inequality by dividing the income of the richest 10% of the population by the income of the poorest 10%. The value for this measure of inequality in the US is 15.9 and the value for India is 8.6. We can conclude that distribution of income than the U.S. and a Imagination has a distribution of income than India. 0.5 points
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