Lowest quintile of households in the income distribution

Assignment Help Microeconomics

Reference no: EM13696020

The lowest quintile of households in the income distribution receives about:

a. 2.2% of total income

b. 3.4% of total income

c. 8.5% of total income

d. 10% of total income

Reference no: EM13696020

Questions Cloud

Countertops using existing equipment is making : A firm deciding how many workers it should hire to manufacture kitchen countertops using existing equipment is making a:

Game show uncertainty problem : In the final round of a TV game show, contestants have a chance to increase their current winnings of 1 million dollars to 10 million dollars. If they are wrong, their prize is decreased to $100,000. To win, they have to guess the exact percentage th..

Increase tax revenue : Suppose the state of California needs to increase tax revenue. The government is considering raising the per-unit tax on consumption good in order to generate more tax revenue.

Exchange-rate systems is arranged in proper historical order : Which of the following lists of exchange-rate systems is arranged in proper historical order, from earliest to most current?

Lowest quintile of households in the income distribution : The lowest quintile of households in the income distribution receives about:

Suppose there are two demand curves : Suppose there are two demand curves, one is flat (elastic) and the other steep (inelastic). Which one would be the demand for water, the flatter one or steeper one and why?

Investment includes spending on : Investment includes spending on

According to classical economists-involuntary unemployment : According to Classical economists, involuntary unemployment

Forward commitment eliminates flexibility in monetary policy : Forward commitment by the Fed has which of the following impacts? Forward commitment creates moral hazard in lending, as banks know that the Fed will continue to pump reserves into the system. Forward commitment encourages lending because banks do no..

User Account

All Pages