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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Starting with the top fifth of income earners and proceeding to the lowest fifth, suppose the income share of each group is 40 percent, 30 percent, 20 percent, 10 percent, and 5 percent. Can these percentages be right?

To determine

 Distribution of income shares.

Explanation

As per U.S Bureau of the Census 2015, the annual income share of household from top fifth to lowest fifth, the share of each quintile is 51...

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