Consider country whose national income

Assignment Help Business Economics

Reference no: EM131244785

Consider a country whose national income is $750 Million and whose population is 12.5 million. Assume in this country that the rich are 20% of the population and own 85% of the nation’s income.

(a) The income per capita of the nation =

(b) The income per capita of the rich =

(d) If the total income of the rich increases by 50%, the nation’s income per capita =

(e) The growth rate of the nation’s income per capita =

(f) Can we conclude that the living standards have improved in this country? Why?

Reference no: EM131244785

Questions Cloud

Should you need to brush up on financial analysis : Analyze the outcome of the decisions you make at each decision point - we will be using the MIT Solar Power Pricing Simulation - At each of the four (4) decision points above, you are required to analyze the impact of your Module Price on market sha..

Discuss methods for shortening a project schedule : Discuss methods for shortening a project schedule. What are some of the advantages and disadvantages of shortening project schedules? What is a milestone? Provide a few examples of milestones for a sample project.

What are underlying drivers of change : How is industry changing. What are underlying drivers of change? Key success factors for those competing in the beer industry. Competitive strength analysis for Mountain Man and others.

Observe human behavior in a natural setting : Observe human behavior in a natural setting. - Conduct an observation of human interactions in a public place, not a private area (i.e., a bathroom or bedroom).

Consider country whose national income : Consider a country whose national income is $750 Million and whose population is 12.5 million. Assume in this country that the rich are 20% of the population and own 85% of the nation’s income. Can we conclude that the living standards have improved ..

What are the estimated sales for next year : If Ragged Edge Arts sells quilts and paintings, and it has estimated selling 50 quilts at $250 each and 42 paintings at $500 each, what are the estimated sales for next year

How should this affect supply and demand curves for gasoline : For the sake of simplicity, suppose 89 octane is the only grade of gasoline and it currently sells for $2.89/gallon. Suppose the federal government imposes an excise tax on gasoline of $10/gallon. How should this affect the supply and demand curves f..

What can be the height of a vertical slope in this material : By mixing sand with long thin plastic fibers a material is obtained with cohesion and friction. The vendor claims that the cohesion may be as large as 50 kPa. What can be the height of a vertical slope in this material?

How much should the cohesion be done : In a clay layer of unit weight 18 kN/m3 a telephone cable must be placed at a depth of 2 m. How much should the cohesion be if this is to be done in a trench with vertical walls?

User Account

All Pages