The quintile distribution of per capita income for 2012 and 2014 are as follows: Quintile Shares 2 3 1 4 12.8 19.6 2012 4.5 2014 4.7 8.6 54.5 8.7 12.7 19.1 54.8 (b) Has the inequality increased or decreased from 2012 to 2014? Explain.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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[2]
The quintile distribution of per capita income for 2012 and 2014 are as follows:
Quintile Shares
1
2
3
4
19.6 54.5
2012 4.5
2014 4.7
8.6
12.8
8.7
12.7
19.1
54.8
(b) Has the inequality increased or decreased from 2012 to 2014? Explain.
Transcribed Image Text:[2] The quintile distribution of per capita income for 2012 and 2014 are as follows: Quintile Shares 1 2 3 4 19.6 54.5 2012 4.5 2014 4.7 8.6 12.8 8.7 12.7 19.1 54.8 (b) Has the inequality increased or decreased from 2012 to 2014? Explain.
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