Question

There's only one question, please read everything before you answer. Thank you so much!

Arnold, Betty, Christine, Donald, and Elena receive incomes of $0, $600, $200, $800, and $400.

Population Share Income Share

Top 20% = DONALD, 40%

2nd 20% = BETTY, 30%

Mid 20% = ELENA, 20%

4th 20% = CHRISTINE, 10%

Bottom 20% = ARNOLD, 0%

Based on your answers. Fill in the cumulative income distribution table by starting with the all 100% of the population, write in the correct cumulative income share. Then in a line below it, write in the cumulative income share for the bottom 80%. In another line write in the cumulative income share for the bottom 60%, then on another line, the cumulative income share for the bottom 40%, and finally the cumulative income share for the bottom 20%.  Please make your answer clear for full credit. You do not have to show your calculation.

population share cumulative income share

all 100% _____________

bottom 80% ______________

bottom 60% _____________

bottom 40% _____________       

bottom 20% _____________   

Answer 1

Amy population All 100% bottom 80% bottom 60% bottam 40% bottom 20% Cumulative income share 100%. 30+20+10+0) = 60% (20+10+0) = 30%, (10t0) = 10%. 0%.