Ex--2 - AGEC 340 Exercise 2. To be submitted online...

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Unformatted text preview: AGEC 340 Exercise 2. To be submitted online (Blackboard) before Tuesday, Feb 15 th , 9 AM. How much points can I earn for each question? Question Points 1 10 2 10 3 10 4 10 5 10 6 10 7 25 8 5 9 5 10 5 TOTAL 100 Information for Questions 1, 2 and 3 Please find below a table with Income distribution data are for Brazil. Table 1. Income distribution data are for Brazil. Quintile Percent Share Lowest 20% 2.4% Second quintile 5.7% Third quintile 10.7% Fourth quintile 18.6% Highest 20% 62.6% Highest 10% 46.2% Question 1 Which of the curves below is the Lorenz curve for Brazil? Use the information in Table 1. 2,4 8,1 18,8 37,4 100 20 40 60 80 100 20 40 60 80 100 Percentage of income Percentage of income recipients A 20 40 60 80 100 20 40 60 80 100 20 40 60 80 100 Percentage of income Percentage of income recipients B 2,4 5,7 10,7 18,6 62,6 20 40 60 80 100 20 40 60 80 100 Percentage of income Percentage of income recipients C 62,6 81,2 91,9 97,6 100 20 40 60 80 100 20 40 60 80 100 Percentage of income Percentage of income recipients D Answer: A Question 2 Brazils national income is about $300 billion. What is the approximate dollar income of the bottom Brazils national income is about $300 billion....
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This note was uploaded on 05/19/2011 for the course ECON 340 taught by Professor Mostafabeshkar during the Spring '08 term at Purdue University-West Lafayette.

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Ex--2 - AGEC 340 Exercise 2. To be submitted online...

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