This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: percentages together at each level, giving the amount of income earned by all people at or below a certain level. In our example, it would work as follows: Bottom segment cumulative percentage = 3.6% Second segment cumulative percentage = 3.6% + 8.8% = 12.4% Third segment cumulative percentage = 12.4% + 18.2% = 30.6% Fourth segment cumulative percentage = 30.6% + 29.2% = 59.8% Top segment cumulative percentage = 59.8% + 40.1% = 99.9% Note that the total cumulative percentage, which should be equal to 100%, since it represents the total income earned by all workers, is only 99.9%. This sometimes happens due to rounding of numbers. These two figures, percentage and cumulative percentage, are usually placed in a table for easier reading: Figure %: Income Distribution Table...
View
Full
Document
This note was uploaded on 02/09/2012 for the course ECO ECO2013 taught by Professor Jominy during the Fall '08 term at Broward College.
 Fall '08
 JOMINY
 Microeconomics

Click to edit the document details