The populations income share falls

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Choose all that apply. Imagine an economy of 10 individuals. Their annual incomes are reported below. Imagine that $100 of Oprah’s income is transferred to Anna. What is true? John - $1000 Kitty - $800 Walter - $200 Steve - $500 Samuel - $800 Bob - $300 Salman - $700 Dora - $600 Anna - $100 Oprah - $900 1. the poorest 40% of the population's income share grows from about 13.6% to about 18.6%. 2. The poorest 20% of the population's income share grows from about 5.0% to about 6.8% 3. The richest 20% of the population's income share falls from about 32.2% to about 30.5%.

Reference no: EM13894158

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