2nd Edition

ISBN: 9781947172340

Author: Timothy Taylor, Steven A. Greenlaw

Publisher: OpenStax

Textbook Question

Chapter 15, Problem 47P

A group of 10 people have the following annual incomes: $ 55 , 000 , $ 3 0 , 000 , $ 15 , 000 , $ 2 0 , 000 , $ 35 , 000 , $ 8 0 , 000 , $ 4 0 , 000 , $ 45 , 000 , $ 3 0 , 000 , $ 5 0 , 000 .

Calculate the share of total income each quintile of this income distribution received. Do the top and bottom quintile s in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution for 2005?

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Chapter 15, Problem 46P

Chapter 16, Problem 1SCQ

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