Consider the following table with individuals in a country and their incomes: Individuals Income 5 15 30 4 45 55 70 85 8 100 9. 115 10 130 Total 650 O The ratio of income received by the top decile to the bottom quintile is 3.5. O The ratio of income received by the top decile to the bottom quintile is 7.3. O The ratio of income received by the top decile to the bottom quintile is 4.3. O The ratio of income received by the top decile to the bottom quintile is 6.5.
Consider the following table with individuals in a country and their incomes: Individuals Income 5 15 30 4 45 55 70 85 8 100 9. 115 10 130 Total 650 O The ratio of income received by the top decile to the bottom quintile is 3.5. O The ratio of income received by the top decile to the bottom quintile is 7.3. O The ratio of income received by the top decile to the bottom quintile is 4.3. O The ratio of income received by the top decile to the bottom quintile is 6.5.
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 47P: A group of 10 people have the following annual incomes:...
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Question
![Consider the following table with individuals in a country
and their incomes:
Individuals Income
1
15
30
4
45
55
6
70
7
85
8.
100
115
10
130
Total
650
O The ratio of income received by the top decile to the bottom
quintile is 3.5.
O The ratio of income received by the top decile to the bottom
quintile is 7.3.
O The ratio of income received by the top decile to the bottom
quintile is 4.3.
O The ratio of income received by the top decile to the bottom
quintile is 6.5.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba668006-ee53-4e70-a3c2-d9194b330b70%2Ffc225e30-6604-4cc5-a25f-9fba16a8fc2c%2Fw76djcp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the following table with individuals in a country
and their incomes:
Individuals Income
1
15
30
4
45
55
6
70
7
85
8.
100
115
10
130
Total
650
O The ratio of income received by the top decile to the bottom
quintile is 3.5.
O The ratio of income received by the top decile to the bottom
quintile is 7.3.
O The ratio of income received by the top decile to the bottom
quintile is 4.3.
O The ratio of income received by the top decile to the bottom
quintile is 6.5.
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