Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka |Mongolia Average household income $3,000 $3,000 40.6% Percentage of total of income earned by the top quintile of households 47.6% Percentage of total of income earned by the bottom quintile of households 7.0% 8.0% Average household income varies more in Mongolia than in Sri Lanka. The rich tend to be richer in Mongolia than in Sri Lanka. Average income in the top quintile is lower in Sri Lanka than in Mongolia. Average income in the bottom quintile is lower in Sri Lanka than in Mongolia.

Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka |Mongolia Average household income $3,000 $3,000 40.6% Percentage of total of income earned by the top quintile of households 47.6% Percentage of total of income earned by the bottom quintile of households 7.0% 8.0% Average household income varies more in Mongolia than in Sri Lanka. The rich tend to be richer in Mongolia than in Sri Lanka. Average income in the top quintile is lower in Sri Lanka than in Mongolia. Average income in the bottom quintile is lower in Sri Lanka than in Mongolia.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter17: Development Economics

Section: Chapter Questions

Problem 10E

See similar textbooks

Similar questions

Country Namibia South Africa Botswana Zambia Brazil Per Capita Income (2017) $10,380 12,870 15,510 3,810 15,140 13,430 16,860 1,760 14,320 55,980 41,680 34,700 41,280 48,700 Percentage of Total Income Received by Highest Decile Honduras Mexico Haiti China United States France Spain Great Britain. Sweden Source: World Development Indicators, World Bank, 2018. $ 23,316 b. less than 30 percent of total income? 27 26 25 23 31 31 31 40 37 35 44 52 51 50 Using the figure, what is the average per capita income in nations shown in the figure where the highest-income decile gets: Instructions: Enter your responses as a whole number. a. at least half of total income?
1) Are there ways that someone can use to account for a country's equitable distribution of income (and/or economic well-being)? if so how is it possible? 2) What is the equivalent organization to OECD (Organization for Economic Co-operation and Development) that primarily focuses on lesser developed and developing countries? 3) What are the substantive issues/discussions in the The World Economic Forum unfolding at Davos Switzerland pertaining to economic and international economic issues. 4) What are the ideas by M. Feldstein and C. Horiokaabout on current account and/or balance of payments issues?
Match the following terms and definitions.____ a. fertility____ b. crude death rate____ c. crude birth rate____ d. demography____ e. fecundity____ f. age-specific fertility____ g. age-specific death rate____ h. infant mortality rate____ i. migration____ j. gross migration rate____ k. net migration rate____ l. morbidity(1) the number of deaths per 1,000 members of a population per year(2) the movement of people from one geographical area to another for the purpose of establishing a new residence(3) the increase or decrease per 1,000 members of a population per year as a result of people leaving and enteringthe population(4) the number of live births per 1,000 women aged fifteen to forty-four years(5) the number of deaths per 1,000 persons in a specific age group(6) the study of the growth, distribution, composition, and change of a population(7) the number of live births per 1,000 women in a specific age group(8) the number of persons per 1,000 members of a population who enter or leave…
If a teacher is teaching his/her child at home will this be counted while estimating national income of a nation?
At the beginning of the year, one developing country (DVC) has a real income per capita of $1,000. In a developed country (IAC), the real income per capita is $30,000. Both countries experience a 4 percent growth rate for the year. At the end of the year, the absolute income gap between these two countries will have increased from $29,000 to $30,160. $31,200. $30,120. $32,240.
Give one information that can be gathered from the Human Development Index (HDI) of a country that may not lead to a foreign country to invest in that concerned country?
“think it is possible to reduce health spending growth while improving health.”
What is Human Development Index?
How is there a relationships between inequality and development. How does this relate to suggestions that development strategies should prioritise the satisfaction of basic needs?
Give at least 5 limitations of Human Development Index. Explain
What are 3 main Human Development Indices used ? what is an advantage and disadvantage of each?
Thomas maltus theory of population and economy