Choose all that apply imagine an economy of 10 individuals, Ask an Expert

Economics

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%.

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Business Economics, Economics

Category:- Business Economics
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