Quintile 1 72 quintile 2 18 quintile 3 21 quintile 425, Microeconomics

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Quintile 1 72 quintile 2 18 quintile 3 21 quintile 425

Quintile 1= 7.2% Quintile 2= 18% Quintile 3= 21% Quintile 4=25% Quintile 5= 29%

The table above shows the income share of each quintile in country X.

a) Is the distribution of income more or less equal than in the U.S.?

b) Discover the cumulative income shares for the bottom 40%, 60% and 80%.

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Microeconomics: Quintile 1 72 quintile 2 18 quintile 3 21 quintile 425

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Microeconomics: Quintile 1 72 quintile 2 18 quintile 3 21 quintile 425

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