Not use ai please What percentage of the total population is categorized asbelonging to the second quintile? Give your responses aswhole numbers.The data in the table characterizes the income distribution fora country.Incomecategoryfirst quintileShare of income(%)5.0second quintile13.0third quintilefourth quintile25.0fifth quintile34.0percentage of population in second quintile:

Step 1: The data in the given table shows the income distribution (in %) for a country. Step 2:…

Answered: What percentage of the total population…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 6SCQ: A group 0f 10 people have the following annual incomes:...

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Similar questions

What goods and services would you include in an estimate of the basic necessities for a family of four?
Who is included in the top income quintile?
Which set of policies is more likely to cause a tradeoff between economic output and equality: policies of redistribution policies aimed at the ladder of opportunity? Explain how the production possibility frontier tradeoff between economic equality and output might look in each case.
please explain each label and why
SLO-4.1. The amount of money people have to spend after buying necessities such as food, clothing and housing is Osavings Odiscretionary income Onet income Ogross income
Consider the following table with individuals in a country and their incomes: Individuals Income 1 15 30 4 45 55 6 70 7 85 8. 100 115 10 130 Total 650 O The ratio of income received by the top decile to the bottom quintile is 3.5. O The ratio of income received by the top decile to the bottom quintile is 7.3. O The ratio of income received by the top decile to the bottom quintile is 4.3. O The ratio of income received by the top decile to the bottom quintile is 6.5.
overty and Income Distribution in America: How Do We Measure Income Distribution ? Year Lowest Quintile | to 20% 60% 80% Тор 5% 40% to to to 40% 60% 80% 100% 1967 4.0 1970 4.1 1975 4.3 1980 4.2 1985 3.9 1990 3.8 1995 3.7 2000 3.6 2005 3.4 2010 |3.3 2013 3.2 10.8 10.8 17.3 24.2 43.6 17.2 17.4 24.5 43.3 16.6 10.4 17.0 24.7 43.6 16.5 16.5 17.6 10.2 16.8 24.7 44.1 9.8 16.2 24.4 45.6 9.6 15.9 24.0 46.6 18.5 9.1 15,2 23.3 48.7 21.0 8.9 14.8 23.0 49.8 22.1 22.2 23.0 23.4 50.4 8.6 8.5 14.6 14.6 50.3 21.3 8.4 14.4 23.0 51 22.2 O4:45/ 11:42 YouTube Q E: CC LJ Is increased income inequality a natural outcome of the a capitalist system? Select one: a. Yes b. No
How has the distribution of household types inthe United States been changing? What are theimplications of these shifts?
Table: Income Distribution in Four Countries provides recent data from the World Bank on the distribution of income in four countries. Percent income top quintile Percent income middle three quintiles combined O Bangladesh. Costa Rica. Table: Income Distribution in Four Countries Bangladesh El Salvador 41.4% 46.4% O Mexico. 50.0% 47.7% 8.6% Percent income bottom quintile Based on the data, the country with the distribution of income that is closest to equal is: El Salvador. Mexico 50.1% 5.9% 44.2% Costa Rica 54.0% 5.7% 41.8% 4.2%
Brining the income of those living on less than $1.25/day up to the minimal poverty line would require % of the income from the worlds wealthiest 10%. 02 03 01 05
The following table gives the distribution of the income of the employees of a company Calculate the cumulative percentage of 2000 income. Calculate the Gini coefficient
The following table shows income distribution data for 2015 and 2020 from the World Bank in Colombia and Dominican Republic respectively. Quintile Colombia Lowest 20% Second 20% Third 20% Fourth 20% Highest 20% a. 2015 3.8 7.9 12.5 20 55.8 2020 2.8 7.4 11.9 19.6 58.3 Dominican Republic 2020 6.2 10.7 14.9 21.7 46.5 2015 5 9.3 13.8 20.9 51 Given the adoption of the Sustainable Development Goals (SDGs) by the UN in September 2015, what can you say about the effect on relative income inequality in these two countries? Can it be illustrated graphically? b. Consider a 12-person economy where the individuals are employed equally across the sectors. If the modern urban wage = £8, the informal urban wage = £3, and the tradition rural income = £1, what is the squared poverty gap index (P₂) given that the poverty line = £1.25? Suppose that rural income now rises to £2, other things being equal, how would you characterise and show this type of growth?

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