Personal distribution of income in united states

Assignment Help Business Management
Reference no: EM131443715

The table on the right shows the personal distribution of income in the United States in 2009.If everyone in the United States were to consume an equal quantity of goods and services, what percentage of total income would the poorest 20 percent of households have to receive from higher-income groups? What percentage would the second poorest have to receive? Answer to 1 decimal place.

The poorest 20 percent of households would have to receive nothing percent. The second poorest 20 percent of households have to receive nothing percent.

Households

Percentage of total income

Poorest 20 percent

3.4

Second 20 percent

8.6

Third 20 percent

14.6

Fourth 20 percent

23.2

Richest 20 percent

50.2

Reference no: EM131443715

Questions Cloud

Write down an explicit expression for the fitted model : ETF5200: Applied Time Series Econometrics State the necessary and sufficient condition such that {Xt} is stationary and Give some detailed description for each of the possible estimation methods you have learned - Write down the corresponding code fu..
Write a report about rebotic welding : The report should talk about REBOTIC WELDING, it should be only a page and half or maximum 2 pages. it should be clear and good grammer.
Eliminate trade between freeland and braveburg : Assume that Freeland could produce 8 units of X and no Y, 16 units of Y and no X, or any linear combination in between, and Braveburg could produce 32 units of X and no Y, 48 units of Y and no X, or any linear combination in between.
Explain the style and meaning of abstract expressionism art : Imagine you are a museum tour and you are responsible for conducting an international tour of foreign visitors and students through a museum exhibit exploring Abstract Expressionism. In your own words, describe how you would define the movement an..
Personal distribution of income in united states : The table on the right shows the personal distribution of income in the United States in 2009.If everyone in the United States were to consume an equal quantity of goods and services, what percentage of total income would the poorest 20 percent of..
What is the absolute advantages : If country A is the lowest opportunity cost producer of X and country B is the lowest opportunity cost producer of Y, what happens to their absolute and comparative advantages if country A suddenly becomes three times more productive at producing ..
Calculate the ion activity product : CHEM/MSCI 624/729 Spring 2017 Take Home Exam. Solutions of Calcium Chloride (CaCl2) are often sprayed on dirt roads at large construction projects to reduce dust associated with construction vehicle traffic. Calculate the Ion Activity Product (IAP) f..
How does quanity demand change : If the price falls to $2, how does quanity demand change? How does Bert's consumer surplus change? How does Bert's consumer surplus change? Show these changes in a graph.
What is the unemployment rate and real output : Predict the impact an unexpected decrease in the money supply would have on the following variables in the short run and in the long run.

Reviews

Write a Review

Business Management Questions & Answers

  Entrepreneurship is growing around the world

Why do you think entrepreneurship is growing around the world? Do you expect this trend to continue, or do you think entrepreneurship's appeal will subside over time?

  Explain all healthcare managers and administrators

Explain All healthcare managers and administrators find it necessary from time to time to terminate staff members

  Using eeoc information to determine training needs

Retaliation and workplace bullying are among the current trends - information you find on the EEOC website as a way to determine needs for training in your organization?

  Core value of personal development

How does completing this course in Basic Computer Skills add to the core value of personal development?

  Which decision making criteria were these managers focusing

When managers who were responsible for the decision to launch the Challenger space shuttle were attempting to balance the conflicting demands for ensuring the safety of the astronauts with the desire to obtain future funding for the US space progr..

  Establish long-term goals and objectives

Write a 1,050-word report on the company you selected in Week 3, following up on the Individual Assignment of Week 3 (Environmental Scanning), and address the following:

  Workplace continuity and contingency planning

The purpose of the Business Impact Analysis (BIA) is to identify the exposures and to precisely quantify the potential destructive impact that the exposures could cause on the very arteries of the organization.

  Regulating consumer privacy in companies

Using ethical philosophies, please discuss the ethical issues involved with companies that manage genetic products. Discuss what legal structures are currently in place regulating consumer privacy in companies handling genetic products.

  What is the basic purpose of instruments of trade policy

What is the basic purpose of instruments of trade policy? Identify and define four (4) instruments of trade policy and give an example of each of the four you have chosen to describe

  Middle eastern market

Lydia went out of town and wanted someone to feed her pet. Joe told me he gave her cat food. He has no reason to lie, and so I believe him. So, Joe gave Lydia cat food. That's a bizarre going away gift. So Joe gives very strange gifts.

  Reflect on the concept of healthcare ethics

Reflect on the concept of healthcare ethics and your future role as a healthcare administrator. Many healthcare administrators become consumed with the daily operations, such as balancing the budget, that they forget the needs of the patients,

  Decision making and incremental analysis

When using incremental analysis, some costs will always change under alternative courses of action, but revenues will not and variable costs will change under alternative courses of action, but fixed costs will not.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd