Which of the following statements are correct select all that apply. Amy would gain more income by turning down overtime then she would if she accepted the over timeAmy may accept the over time if she feels that taking it will increase the chances of her receiving a significant promotion.The $5000 in aid presents a distinctive for Amy to make note that $47,000 per year The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within anincome group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2001, the poverty line is set atan annual income of $47,000 for an individual.Year200120072013201988°FSunnyF1Lowest Quintile Second QuintileO4.03.73.43.0The data in the table suggest that there wasF2-0-@Share of Total Income in Perkopia(Percent)Middle Quintile Fourth Quintile Highest QuintileF3:0+10.0#9.69.47.7Complete the following table to help you determine the poverty rate in Perkopia in 2001. To do this, begin by determining the total income of allindividuals in each quintile using the fact that total annual income in the economy is $500,000,000. Next, determine the income of an individual ineach quintile by dividing the total income of that quintile by the number of people in that quintile. (Hint: Recall that Perkopia has a population of10,000 people.) Finally, determine whether the individual income for each quintile falls below the poverty line of $47,000.OF459$17.015.4F514.814.0▬▬T23.022.5%22.4income inequality from 2001 to 2019.F621.846.048.850.053.5F7AF8&F9*F10OF1128F12FnLock11InsertPrt Sc12:15 PM7/1/2022De QuintileLowestSecondMiddleFourthHighestEscUsing the information in this table, the poverty rate in Perkopia in 2001 isShare of Income in 2001(Percent)4.010.017.023.046.088°FSunnyIn the year 2001, the poverty rate after the introduction of the welfare program in Perkopia isWhich of the following statements are correct? Check all that apply.F11Suppose that the government introduces a welfare program in which any individual with an income of less than $47,000 per year receives a lump-sumtransfer payment of $5,000 from the government. Assume that, in the short run, there is no change in labor-supply behavior among the people inPerkopia.OAgain, suppose the government introduces a welfare program in which any individual with an income of less than $47,000 receives a lump-sumtransfer payment of $5,000 from the government. Amy, a resident of Perkopia who currently earns an income of $46,898, has the opportunity to workovertime and earn an additional $1,700 this year.F2-0-Total Income(Dollars)@2F3:0+Amy would gain more income by turning down the overtime than she would if she accepted the overtime.#m3F4SA$4Individual IncomeF5▬▬▬▬▬(Dollars)%5OLF6F7Below Poverty Line?A6J-¡-YF8▼&7(F9&*8F10-0.(aF11F122FnLock+InsertPrt Sc12:16 PM7/1/2022DelBackspace

Question

Which of the following statements are correct select all that apply. Amy would gain more income by turning down overtime then she would if she accepted the over timeAmy may accept the over time if she feels that taking it will increase the chances of her receiving a significant promotion.￼The $5000 in aid presents a distinctive￼ for Amy to make note that $47,000 per year The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within anincome group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2001, the poverty line is set atan annual income of $47,000 for an individual.Year200120072013201988°FSunnyF1Lowest Quintile Second QuintileO4.03.73.43.0The data in the table suggest that there wasF2-0-@Share of Total Income in Perkopia(Percent)Middle Quintile Fourth Quintile Highest QuintileF3:0+10.0#9.69.47.7Complete the following table to help you determine the poverty rate in Perkopia in 2001. To do this, begin by determining the total income of allindividuals in each quintile using the fact that total annual income in the economy is $500,000,000. Next, determine the income of an individual ineach quintile by dividing the total income of that quintile by the number of people in that quintile. (Hint: Recall that Perkopia has a population of10,000 people.) Finally, determine whether the individual income for each quintile falls below the poverty line of $47,000.OF459$17.015.4F514.814.0▬▬T23.022.5%22.4income inequality from 2001 to 2019.F621.846.048.850.053.5F7AF8&F9*F10OF1128F12FnLock11InsertPrt Sc12:15 PM7/1/2022De QuintileLowestSecondMiddleFourthHighestEscUsing the information in this table, the poverty rate in Perkopia in 2001 isShare of Income in 2001(Percent)4.010.017.023.046.088°FSunnyIn the year 2001, the poverty rate after the introduction of the welfare program in Perkopia isWhich of the following statements are correct? Check all that apply.F11Suppose that the government introduces a welfare program in which any individual with an income of less than $47,000 per year receives a lump-sumtransfer payment of $5,000 from the government. Assume that, in the short run, there is no change in labor-supply behavior among the people inPerkopia.OAgain, suppose the government introduces a welfare program in which any individual with an income of less than $47,000 receives a lump-sumtransfer payment of $5,000 from the government. Amy, a resident of Perkopia who currently earns an income of $46,898, has the opportunity to workovertime and earn an additional $1,700 this year.F2-0-Total Income(Dollars)@2F3:0+Amy would gain more income by turning down the overtime than she would if she accepted the overtime.#m3F4SA$4Individual IncomeF5▬▬▬▬▬(Dollars)%5OLF6F7Below Poverty Line?A6J-¡-YF8▼&7(F9&*8F10-0.(aF11F122FnLock+InsertPrt Sc12:16 PM7/1/2022DelBackspace

Accepted Answer

" Since you have posted a question with multiple sub-parts, we will solve the first three subparts…