General pattern of the us income distribution

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Reference no: EM137767

Q1. What are the overall keys to answer questions about how attaching more regulation would influence economic efficiency ?And also the model to answer questions about game theory like how firms change their behaviors, with reference to game theory ?

Q2. "Consider an economy in which there is 10 households with income tabulated as follows H1. $10,000 H2. $20,000 H3. $25,000 H4. $30,000 H5. $50,000 H6. $50,000 H7. $60,000 H8. $75,000 H9. $90,000 H10. $100,000

a. What is the mean income? Explain Median? Explain Top deciles? Explain Bottom deciles?

b. What s the general pattern of the US income distribution over the last century? Explain about the timing of the changes?"

Reference no: EM137767

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