The citizens of MicroVille have the following annual incomes: What percentage of total income is received by the richest quintile of the population? Select one: O a. O b. Name Balungile Erin Heather Jade Sanele Cameron Siphokuhle Khanyisa Lwando Zenande O c. O d. 35.64%. 21.78%. 55.38%. Annual income R8 000 R6 500 R16 000 R3 000 R10 500 R10 000 R12 000 R13 000 R2 000 R20 000 24.75%.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

1

The citizens of MicroVille have the following
annual incomes:
What percentage of total income is
received by the richest quintile of the
population?
Select one:
O a.
O b.
Name
Balungile
Erin
Heather
Jade
Sanele
Cameron
Siphokuhle
Khanyisa
Lwando
Zenande
O c.
O d.
35.64%.
21.78%.
55.38%.
Annual income
R8 000
R6 500
R16 000
R3 000
R10 500
R10 000
R12 000
R13 000
R2 000
R20 000
24.75%.
Transcribed Image Text:The citizens of MicroVille have the following annual incomes: What percentage of total income is received by the richest quintile of the population? Select one: O a. O b. Name Balungile Erin Heather Jade Sanele Cameron Siphokuhle Khanyisa Lwando Zenande O c. O d. 35.64%. 21.78%. 55.38%. Annual income R8 000 R6 500 R16 000 R3 000 R10 500 R10 000 R12 000 R13 000 R2 000 R20 000 24.75%.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Nash Equilibrium
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education