Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507041
Author: Colander, David
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 18, Problem 1QE
To determine

The income of individuals in the top income quintile in Bangladesh.

Expert Solution & Answer
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Explanation of Solution

There are five income quintiles. In Bangladesh, about 41.3 percent of people are included in the top income quintile category, which can be calculated as (10058.7).

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