Microeconomics
10th Edition
ISBN: 9781259655500
Author: David C Colander
Publisher: McGraw-Hill Education
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Question
Chapter 18, Problem 4QE
(a)
To determine
The Lorenz curves of different countries.
(b)
To determine
The country that has the most equal distribution of income.
(c)
To determine
The country that has the least equal distribution of income.
(d)
To determine
The country that has the most progressive tax system.
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I'm not sure if I am answering this question correctly, or how to graph it.
The table shows the distribution of personal income in the United States in 2016.
Percentage of
total income
Households
Poorest 20 percent
3.1
Second 20 percent
Third 20 percent
Fourth 20 percent
Richest 20 percent
8.2
14.3
23.2
51.2
For all U.S. households to receive an equal share of income, what percentage of total income would the poorest 20 percent of households have to receive from higher-income groups? What percentage would the second poorest
have to receive?
>>> Answer to 1 decimal place.
The poorest 20 percent of households would have to receive
percent.
The second poorest 20 percent of households have to receive
percent.
Explain how our economic transition is affecting the national income distribution.
Chapter 18 Solutions
Microeconomics
Ch. 18.1 - Prob. 1QCh. 18.1 - Prob. 2QCh. 18.1 - Prob. 3QCh. 18.1 - Prob. 4QCh. 18.1 - Prob. 5QCh. 18.1 - Prob. 6QCh. 18.1 - Prob. 7QCh. 18.1 - Prob. 8QCh. 18.1 - Prob. 9QCh. 18.1 - Prob. 10Q
Ch. 18 - Prob. 1QECh. 18 - Prob. 2QECh. 18 - Prob. 3QECh. 18 - Prob. 4QECh. 18 - Prob. 5QECh. 18 - Prob. 6QECh. 18 - Prob. 7QECh. 18 - Prob. 8QECh. 18 - Prob. 9QECh. 18 - Prob. 10QECh. 18 - Prob. 11QECh. 18 - Prob. 12QECh. 18 - Prob. 13QECh. 18 - Prob. 14QECh. 18 - Prob. 1QAPCh. 18 - Prob. 2QAPCh. 18 - Prob. 3QAPCh. 18 - Prob. 4QAPCh. 18 - Prob. 5QAPCh. 18 - Prob. 1IPCh. 18 - Prob. 2IPCh. 18 - Prob. 3IPCh. 18 - Prob. 4IPCh. 18 - Prob. 5IPCh. 18 - Prob. 6IPCh. 18 - Prob. 7IPCh. 18 - Prob. 8IPCh. 18 - Prob. 9IP
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