Expansionary fiscal policy, investment accelerator, and interest rate sensitivity to investment.

Question

What percentage of the total population is categorized as belonging to the second quintile? Give your responses as whole numbers. The data in the table characterizes the income distribution for a country. Income category first quintile Share of income Cumulative share of (%) income (%) 7.0 second quintile 15.0 22.0 third quintile 45.0 fourth quintile 29.0 fifth quintile 26.0 percentage of population in second quintile: % What percentage of the total income for the country is earned by the third quintile? percentage earned by the third quintile: % What is the cumulative share of income earned by the poorest 80% of the population? percentage earned by the poorest 80%: ୪୧

Answer 1

Question

Chapter 21, Problem 10PA

Subpart (a):

To determine

Expansionary fiscal policy, investment accelerator, and interest rate sensitivity to investment.

Subpart (b):

To determine

Expansionary fiscal policy, investment accelerator, and interest rate sensitivity to investment.

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What percentage of the total population is categorized as belonging to the second quintile? Give your responses as whole numbers. The data in the table characterizes the income distribution for a country. Income category first quintile Share of income Cumulative share of (%) income (%) 7.0 second quintile 15.0 22.0 third quintile 45.0 fourth quintile 29.0 fifth quintile 26.0 percentage of population in second quintile: % What percentage of the total income for the country is earned by the third quintile? percentage earned by the third quintile: % What is the cumulative share of income earned by the poorest 80% of the population? percentage earned by the poorest 80%: ୪୧

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