A group of 10 people have the following annual incomes:.
$24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000, $24,000, $16,000.
Calculate the share of total income that each quintile receives from this income distribution. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U. S. income distribution?
To reduce income inequality, should the marginal tax rates on the top 1% be increased?
Answers: 2
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A group of 10 people have the following annual incomes:.
$24,000, $18,000, $50,000, $100,000, $12,0...
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