Table: Income Distribution in Four Countries provides recent data from the World Bank on the distribution of income infour countries.Percent income topquintilePercent incomemiddle three quintilescombinedO Bangladesh.Costa Rica.Table: Income Distribution in Four CountriesBangladesh El Salvador41.4%46.4%O Mexico.50.0%47.7%8.6%Percent incomebottom quintileBased on the data, the country with the distribution of income that is closest to equal is:El Salvador.Mexico50.1%5.9%44.2%Costa Rica54.0%5.7%41.8%4.2%

Income distribution refers to the way total income in a country or a population is distributed among…

Table: Income Distribution in Four Countries provides recent data from the World Bank on the distribution of inco four countries. Percent income top quintile Percent income middle three quintiles combined Bangladesh. Table: Income Distribution in Four Countries Bangladesh El Salvador 41.4% 46.4% Costa Rica. 50.0% 47.7% 8.6% Mexico 50.1% Percent income bottom quintile Based on the data, the country with the distribution of income that is closest to equal is: El Salvador. 5.9% 44.2% Costa Rica 54.0% 5.7% 41.8% 4.2%

Table: Income Distribution in Four Countries provides recent data from the World Bank on the distribution of inco four countries. Percent income top quintile Percent income middle three quintiles combined Bangladesh. Table: Income Distribution in Four Countries Bangladesh El Salvador 41.4% 46.4% Costa Rica. 50.0% 47.7% 8.6% Mexico 50.1% Percent income bottom quintile Based on the data, the country with the distribution of income that is closest to equal is: El Salvador. 5.9% 44.2% Costa Rica 54.0% 5.7% 41.8% 4.2%

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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