144138d-3169551 eCSecure https 5% MINDTAP Aplia Homework Poverty and Redistribut

Question

144138d-3169551 eCSecure https 5% MINDTAP Aplia Homework Poverty and Redistribution verage: 1 6. Income ineqsality and the poverty rate The follosing table winnaries the income distraution for the town of FWkopia, which has a population cf 10,000 people, Every ishidaal vithin an income group eams the same income, and the total annual income in the economy is $500,000,000 Suppose thait in 2000, the poverty income threshold, or poverty Sine, is set at an annual income of $42,350 for an individual Share ed Total Income in Perkopia Percent Year Lowest Quintile Second Quintile Middle Quintile Fourth Quintile Highest Quistile 50.2 15.3 Gata in the tle sugest that ere was Secrease innme equality from 1994 to 2032) Type here to search

Explanation / Answer

The data in the table shows that there is decrease in income inequality from 1994 to 2012.

The poverty rate in Perkopia is 60 percent.

In the year 2000 the poverty rate after the welfare program in Perkopia is 60 percent.

In the last portion which you have given right mark those are the answer.

Quintile share of income 2000(%) Total income Individual income BPL? Lowest 3.4 17000000 8500 Yes Second 9.4 47000000 23500 Yes Middle 14.5 72500000 36250 Yes Fourth 22.4 112000000 56000 No Highest 50.2 251000000 125500 No

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