The table below shows information about the distribution of income in two countries. The rows are labeled "deciles" which are likepercentiles but for groups of 10% instead of 1% of the population. The 1St decile is the poorest 10%, for example, while the10th decile is the richest 10%.CoruscantNaboocumulative incomecumulative incomedecileincome shareshareincome share share1st2.29%2.29%3.12%3.12%2nd3.93%6.22%4.50%7.62%3rd5.30%11.52%5.69%13.31%4th6.56%18.08%6.80%20.11%5th7.81%25.89%7.91%28.02%6th9.14%35.04%9.11%37.13%7th10.69%45.73%10.52%47.65%8th12.71%58.44%12.37%60.02%9th15.94%15.32%10th25.61%24.66%mean income = 50,00035,000What is the cumulative income share for the bottom 9 deciles in Naboo?

We have to find cumulative income share for the bottom 9 deciles in Naboo.

ole belov w snows rows ar rcentiles but for groups of 10% instead of 1% of the population. The 1s decile is the poorest 1 th decile is the richest 10%. Coruscant Naboo cumulative income cumula decile income share share income share share 1st 2.29% 2.29% 3.12% 3.12% 2nd 3.93% 6.22% 4.50% 7.62% 3rd 5.30% 11.52% 5.69% 13.31%

ole belov w snows rows ar rcentiles but for groups of 10% instead of 1% of the population. The 1s decile is the poorest 1 th decile is the richest 10%. Coruscant Naboo cumulative income cumula decile income share share income share share 1st 2.29% 2.29% 3.12% 3.12% 2nd 3.93% 6.22% 4.50% 7.62% 3rd 5.30% 11.52% 5.69% 13.31%

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 1QCMC

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