Dsuppose that20% 40% 60% 80% 100%IA=100%, b=48%, c=23%, D=9% and E=2%How much income is earned by each quintile?(Just enter the number without $ sign)PercentileHint: You know the total income in this economy(30000) you need to use this number in yourcalculationsQuintile 1 (poorest) = type your answer...Quintile 2 type your answer...= type your answer...type your answer...type your answer...Quintile 3Quintile 4 =Quintile 5 (richest)= The graph shows a Lorenz curve for an economywith a total income of 30000;Share of IncomeAB=CDEI20% 40% 60% 80% 100%suppose thatA=100%, b=48%, c=23%, D=9% and E=2%PercentileHow much income is earned by each quintile?(Just enter the number without $ sign)Hint: You know the total income in this economy(30000) you need to use this number in yourcalculationsQuintile 1 (poorest) = type your answer...Quintile 2 = type your answer...type your answer...Quintile 3Quintile 4 =

The Lorenz curve is a graphical representation of income or wealth distribution within a population.…

suppose that A=100%, b=48%, c=23%, D=9% and E=2% How much income is earned by each quintile? (Just enter the number without $ sign) Hint: You know the total income in this economy (30000) you need to use this number in your calculations Quintile 1 (poorest) = type your answer... Quintile 2 = type your answer... type your answer... type your answer... type your answer... Quintile 3 Quintile 4 = Quintile 5 (richest)=

suppose that A=100%, b=48%, c=23%, D=9% and E=2% How much income is earned by each quintile? (Just enter the number without $ sign) Hint: You know the total income in this economy (30000) you need to use this number in your calculations Quintile 1 (poorest) = type your answer... Quintile 2 = type your answer... type your answer... type your answer... type your answer... Quintile 3 Quintile 4 = Quintile 5 (richest)=

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter20: Poverty, Inequality, And Discrimination

Section: Chapter Questions

Problem 5DQ

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Similar questions

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Table 15.9 shows the share of income going to each quintile of the income distribution for the United Kingdom in 1979 and 1991. Use this data to calculate what the points on a Lorenz curve would be, and sketch the Lorenz curve. How did inequality in the United Kingdom shift over this time period? How can you see the patterns in the quintiles in the Lorenz curves?
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A5 South Africa's top 10% of earners contribute almost half of all revenue, and the richest 10% of its residents holds 85.6% of net wealth, according to the OECD, which sees scope for the tax system to be used more to reduce inequality. Based on the above paragraph, which of the following statements is INCORREC A. South African 's bottom 90%of income earners contribute allof to the revenu B. South Africa's income inequality levels are very hig C. South Africa' s income inequality levels are very lo D. South Africa's income contribution is equalwheT
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IM R %24 How does progressive taxation and redistribution policies affect the Lorenz curve and Gini coefficient? O The Lorenz curve becomes less curved and the Gini coefficient increases. O The Lorenz curve becomes less curved and the Gini coefficient decreases. O The Lorenz curve becomes more curved and the Gini coefficient increases. O The Lorenz curve becomes more curved and the Gini coefficient decreases. 10:44 PM earch 13 12/12/2021 ins prt sc f12 delete 114 144 Po backspace lock 4. 7. home enter 7. 4. K. pause 1 shift ctrl