Dsuppose that20% 40% 60% 80% 100%IA=100%, b=48%, c=23%, D=9% and E=2%How much income is earned by each quintile?(Just enter the number without $ sign)PercentileHint: You know the total income in this economy(30000) you need to use this number in yourcalculationsQuintile 1 (poorest) = type your answer...Quintile 2 type your answer...= type your answer...type your answer...type your answer...Quintile 3Quintile 4 =Quintile 5 (richest)= The graph shows a Lorenz curve for an economywith a total income of 30000;Share of IncomeAB=CDEI20% 40% 60% 80% 100%suppose thatA=100%, b=48%, c=23%, D=9% and E=2%PercentileHow much income is earned by each quintile?(Just enter the number without $ sign)Hint: You know the total income in this economy(30000) you need to use this number in yourcalculationsQuintile 1 (poorest) = type your answer...Quintile 2 = type your answer...type your answer...Quintile 3Quintile 4 =

The Lorenz curve is a graphical representation of income or wealth distribution within a population.…

suppose that A=100%, b=48%, c=23%, D=9% and E=2% How much income is earned by each quintile? (Just enter the number without $ sign) Hint: You know the total income in this economy (30000) you need to use this number in your calculations Quintile 1 (poorest) = type your answer... Quintile 2 = type your answer... type your answer... type your answer... type your answer... Quintile 3 Quintile 4 = Quintile 5 (richest)=

suppose that A=100%, b=48%, c=23%, D=9% and E=2% How much income is earned by each quintile? (Just enter the number without $ sign) Hint: You know the total income in this economy (30000) you need to use this number in your calculations Quintile 1 (poorest) = type your answer... Quintile 2 = type your answer... type your answer... type your answer... type your answer... Quintile 3 Quintile 4 = Quintile 5 (richest)=

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

D
suppose that
20% 40% 60% 80% 100%
I
A=100%, b=48%, c=23%, D=9% and E=2%
How much income is earned by each quintile?
(Just enter the number without $ sign)
Percentile
Hint: You know the total income in this economy
(30000) you need to use this number in your
calculations
Quintile 1 (poorest) = type your answer...
Quintile 2 type your answer...
= type your answer...
type your answer...
type your answer...
Quintile 3
Quintile 4 =
Quintile 5 (richest)=

The graph shows a Lorenz curve for an economy
with a total income of 30000;
Share of Income
A
B
=
C
DE
I
20% 40% 60% 80% 100%
suppose that
A=100%, b=48%, c=23%, D=9% and E=2%
Percentile
How much income is earned by each quintile?
(Just enter the number without $ sign)
Hint: You know the total income in this economy
(30000) you need to use this number in your
calculations
Quintile 1 (poorest) = type your answer...
Quintile 2 = type your answer...
type your answer...
Quintile 3
Quintile 4 =

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Labor force participation rates have been falling from most (though not all) segments of the working age population. (a) How do you explain this when simultaneously so many people are complaining about their economic situation? (b) How does the Earned Income Tax Credit (EITC) attempt to deal with this problem?
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The table below is extracted from HappylandRepublic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that follow. Items Base year 2019 2020 Production Price Production Price Used cloth (units) 4,000 50.00 5,000 60.00 Components used tractor factory production (units) 8,000 500.00 11,000 1,200.00 Cloth (units) 8,000 25.00 12,000 30.00 Beef gifts during cultural festival (Kg) 1,500 2.00 1,700 3.00 Milk (litres) 5,000 1.30 7,000 2.50 Computers (Units) 2,000 500.00 2,500 600.00 Printers (Units) 500 300.00 400 355.00 Raw materials for car assembling plant (Units) 4,500 250.00 4,450 300.00 1. Calculate HappylandRepublic’s nominal GDP, real GDP in 2020. Also, calculate the GDP deflator if 2019 is used as the base year. 2. Double counting must be avoided when measuring GDP. State and examine…
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Essay Topic: Economic Inequality Introduction/Argument