From this table (Typical Size Distribution of Personal Income in a Developing Country), what is the income share of the top 30% of the population? Individuals 1 2 3 Personal Income (money units) 0.8 1.0 1.4 Share of Total Income (%) Quintiles Deciles 1.8

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter20: Income Inequality And Poverty
Section: Chapter Questions
Problem 1CQQ
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From this table (Typical Size Distribution of Personal Income in
a Developing Country), what is the income share of the top
30% of the population?
Individuals
123456799
10
11
12
13
14
15
16
17
18
19
20
Total (national income)
8.9
64
44.5
28.5
Personal Income
(money units)
0.8
1.0
1.4
1.8
1.9
2.0
NNNS
2.4
2.7
2.8
3.0
3.4
3.8
4.2
4.8
5.9
7.1
10.5
12.0
13.5
15.0
100.0
Share of Total Income (%)
Quintiles
5
9
13
22
51
100
Deciles
1.8
3.2
3.9
5.1
5.8
7.2
9.0
13.0
22.5
28.5
100.0
Transcribed Image Text:From this table (Typical Size Distribution of Personal Income in a Developing Country), what is the income share of the top 30% of the population? Individuals 123456799 10 11 12 13 14 15 16 17 18 19 20 Total (national income) 8.9 64 44.5 28.5 Personal Income (money units) 0.8 1.0 1.4 1.8 1.9 2.0 NNNS 2.4 2.7 2.8 3.0 3.4 3.8 4.2 4.8 5.9 7.1 10.5 12.0 13.5 15.0 100.0 Share of Total Income (%) Quintiles 5 9 13 22 51 100 Deciles 1.8 3.2 3.9 5.1 5.8 7.2 9.0 13.0 22.5 28.5 100.0
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