Reference no: EM13981485
Calculating inequality
Which distribution of income is more unequal?:
1: In Lower Slobovia, there are six people. One person owns 50% of the wealth and five people each own 10% of the wealth. The distribution is: (50%,10%,10%,10%,10%,10%).
2: In Upper Vulcania, there are also six people. Two each own 40% of the wealth, one owns 20%, and the other three own no wealth. The distribution is: (40%,40%,20%,0%,0%,0%).
Which country has a more UNEQUAL distribution of wealth, Lower Slobovia or Upper Vulcania?
SHOW HOW YOU DETERMINE THE ANSWER.
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A tax on imports of electronic equipment is an example
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Which distribution of income is more unequal
: Which distribution of income is more unequal?: Which country has a more UNEQUAL distribution of wealth, Lower Slobovia or Upper Vulcania?
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