The following income frequency distribution measured in percentiles compares ine

Question

The following income frequency distribution measured in percentiles compares inequality within Jamaica with different income levels.

Figure 2.1

Income Decile Percent of Income

1st decile 1.2

2nd decile 2.5

3rd decile 3.5

4th decile 4.8

5th decile 5.1

6th decile 6.3

7th decile 7.2

8th decile 11.3

9th decile 16.2

10th decile 41.9

A. The poorest 10 percent of the Jamaican population gets approximately ____________ percent of the income.

a. 3.7%
b. 1.2%

c. 0.2%

d. 1.1%

B. The poorest 30 percent of the Jamaican population gets approximately____________ percent of the income.

a. 7.2%
b. 3.5%
c. 3.7%

d. 1.1%

C. The richest 10 percent of the Jamaican population gets approximately ____________ percent of the income.

a. 58.1%
b. 16.2%

c. 41.9%

d. 11.3%

Explanation / Answer

Ans.

A) b. 1.2%

The poorest 10 percent of the population means the percentage of income earned in 1st Decile . That is 1.2% of the income is earned by poorest 10 percent of the population.

B) b. 3.5%

The poorest 30% of population will be at 3rd decile. As at third decile population earns 3.5% of income. That means poorest 30% earn approximately income of 3.5%.

C) c. 41.9%

The richest 10 percent of the Jamaican population lies at 10th Decile. So they earn income approximately of 41.9%.

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