Percent of households

Assignment Help Business Economics
Reference no: EM131449566

The table on the right shows the personal distribution of income in the United States in 2009.If everyone in the United States were to consume an equal quantity of goods and services, 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 nothing percent. The second poorest 20 percent of households have to receive nothing percent.

Households

Percentage of total income

Poorest 20 percent

3.4

Second 20 percent

8.6

Third 20 percent

14.6

Fourth 20 percent

23.2

Richest 20 percent

50.2

Reference no: EM131449566

Questions Cloud

Discuss how job skills can lead to improved job performance : Discuss how these job skills can lead to improved job performance. Explain how Organizational Behavior can aid you in decision-making and problem-solving.
Create a scatter diagram of the scores : Explain the logic of what you have done, writing as if you are speaking to someone who has never heard of correlation.
Identify the role of strategic renewal in propelling change : Identify the role of strategic renewal in propelling change. Focus on behavioral aspect of organizational change. Analyze the dynamics of motivating employees.
Discuss differences between basic and complex problem : In 1 page within the context of your local business, organization, or place of employment, describe some of the similarities and differences between resolving.
Percent of households : The poorest 20 percent of hoThe pooruseholds would have to receive nothing percent.
What types of goals should every organization have : In your judgment, what factor(s) should determine the priority of organizational goals? What types of goals should every organization have?
Discuss about the brain damage and drug abuse : You are investigating and then discussing the relationship between drug abuse and the human brain. In your discussion, you will include three subtopics.
Review paragraph-the texas consolidated electronics company : The Texas Consolidated Electronics Company is contemplating a research and development program encompassing eight research projects.
Financial system in the great recession : Discuss the role of the financial system in the Great Recession. Do you believe the banking system is largely at fault?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd