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- Economics Allocation of Possible Income You are given different amounts of money on which to live (roughly approximating different Malaysian income groups). You are required to allocate funds to the categories of housing, food, clothing, education, health, transportation, recreation, etc. – other categories may be added by you. Different income groups are asked to critique the allocation of different groups - is it reasonable, why do you say so and how could it be allocated better. T20 income RM15,000 M40 income RM8,000 B40 income RM3000The table shows the distribution of personal income in the United States in 2016. Percentage of total income Households Poorest 20 percent 3.1 Second 20 percent Third 20 percent Fourth 20 percent Richest 20 percent 8.2 14.3 23.2 51.2 For all U.S. households to receive an equal share of income, 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 percent. The second poorest 20 percent of households have to receive percent.What is the formula of the per capita income given example of it please?
- Prosecutors representing the Securities and Exchange Commission recently announced criminal charges against 13 individuals for engaging in insider trading. According to the SEC’s director of enforcement, a trading ring acting on inside information “compromises the markets’ integrity and investors’ trust.” Explain why.Personal income PI is Select one: a. All income received by households b. All income earned by households minus personal taxes c. All income received by households minus personal taxes d. None of the answers are correct e. All income earned by householdsConsider the following table that describes how everyone living in medieval England was classified. Total Population in Medieval England 25,000 # of merchants (selling clothing, jewelry, perfume, shoes, misc. items) # of people currently without work, but seeking employment # of students enrolled full-time in university 1,250 800 700 # of people working in the ale, wine and beer industry 1,200 # of people in building (blacksmiths, stone cutters, wood carvers, builders) 3,500 # of scholars and teachers 2500 # serving out prison sentences in the dungeons 1,500 # of wives raising children and running their own households # of servants working for royalty or aristocrats # of children enrolled in schools 600 3,000 900 # of people in the agricultural/livestock industry (ranchers, stable boys) 2,750 # serving as soldiers to defend the country 1,000 # of people not seeking work (members of the aristocracy) # of people in the food/drink industry (cooks, butchers) # of patients living in mental…
- Answer the question belowWhat are categories of population: (Select what applies) Select one or more: a. Labor Force b. Unemployed c. Not in the labor force d. EmployedWhich statement is true? The fewest number of people in the United States are in the middle class. O The least number of people in the United States are in the working class. O The greatest number of people in the United States are in the working class. The largest number of people in the United States are in the middle class.
- 7. Which of the following interventions will address the concern on poverty and unequal distribution of income? a. Free Tuition and Matriculation in all levels. b. Free and accessible health services for all. c. Free housing for the urban poor. d. All of the above.Suppose the make believe economy of Tinto produces and consumes 2 goods: clothing and food. The following table shows the quantities produced and consumed, as well as nominal prices. For clarity, they produce 100 clothing per week and 400 food per week. They claim that they consume 50 clothing per week and 450 food per week. Produced Consumed Price Clothing100 (clothing/week)50 (clothing/week)8 ($/clothing) Food 400 (food/week) 450 (food/week) 4 ($/food) a) What do they export and what they import? How can you tell? Explain clearly and concisely. b) Using information in the table, show why it is not possible for Tinto to consume 50 clothing per week and 450 food per week. (Hint: real price)Distribution of Income in Percentage of the United States Households 1985 2020 3.0 8.1 14.0 22.6 52.2 Lowest 20% Second 20% Third 20% Fourth 20% Highest 20% 4.0 9.7 16.3 24.0 46.6 Which statement best describes the Multiple Choice in the table? Between 1985 and 2020, the lowest and the highest quintiles gained larger shares of total income at the expense of the three middle quintiles. Between 1985 and 2020, each quintile gained a larger share of total income because the level of total income increased greatly. Between 1985 and 2020, the highest 20 percent of households gained a larger share of total income at the expense of the lowest 80 percent. Between 1985 and 2020, the lowest 40 percent of households gained a larger share of total income at the expense of the highest 40 percent.