Determine the estimated average income

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Question: Determine the estimated average income of the poorest 20 percent and of the richest 20 percent of income earners in Rwanda, Malaysia, Korea, Botswana, and Kenya by applying the income distribution shares in Table 2.3 to GNI per capita in Table 2.1. Compare these estimated average incomes for the richest and poorest 20 percent with the per capita GNI values shown in Table 2.1. For which of these economies does the average income shown in Table 2.1 give a good idea of actual living standards of the poorest and richest?

Reference no: EM131484656

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