mtwentyone - Chapter 21 Worksheet Use the following to...

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Chapter 21 Worksheet Use the following to answer questions 1-2: 1. Refer to the above diagram where curves (a) through (d) are for five different countries. Income is equally distributed in: A) none of the countries shown. B) country b. C) countries a and e. D) country a. 2. Refer to the above diagram where curves (a) through (d) are for five different countries. Income is most unequally distributed in country: A) a. B) b. C) c. D) d. Use the following to answer questions 3-5: Answer the next question(s) on the basis of the following information. Suppose population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5000, $2500, $1250, $750, and $500, respectively. 3. Refer to the above information. What percentage of total income is received by the richest quintile? A) 50 B) 5 C) 25 D) 20 4. Refer to the above information. What percentage of total income is received by the lowest 60 percent of the income receivers in population A? A)
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mtwentyone - Chapter 21 Worksheet Use the following to...

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