3. Interpret the point (0.9,0.7) in two ways, in terms of richest and poorest.

The Laspeyres index is the ratio of the price of goods at prices to the price of goods at prices. O today's; yesterday's; yesterday's; today's yesterday's; yesterday's; yesterday's; today's today's; today's; yesterday's; yesterday's O yesterday's; today's; yesterday's; yesterday's

All of the following are sources of inequality in the distribution of personal income EXCEPT a. progressive income taxes b. discrimination in employment c. differences in personal motivation d. differences in educational level attained e. differences in abilities

The 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.