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Allocation of Possible Income You are given different amounts of money on which to live (roughly approximating different Malaysian income groups). You are required to allocate funds to the categories of housing, food, clothing, education, health, transportation, recreation, etc. - other categories may be added by you. Different income groups are asked to critique the allocation of different groups - is it reasonable, why do you say so and how could it be allocated better.

Allocation of Possible Income You are given different amounts of money on which to live (roughly approximating different Malaysian income groups). You are required to allocate funds to the categories of housing, food, clothing, education, health, transportation, recreation, etc. - other categories may be added by you. Different income groups are asked to critique the allocation of different groups - is it reasonable, why do you say so and how could it be allocated better.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 6SCQ: A group 0f 10 people have the following annual incomes:...
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Economics Allocation of Possible Income You are given different amounts of money on which to live (roughly approximating different Malaysian income groups). You are required to allocate funds to the categories of housing, food, clothing, education, health, transportation, recreation, etc. – other categories may be added by you. Different income groups are asked to critique the allocation of different groups - is it reasonable, why do you say so and how could it be allocated better. T20 income RM15,000 M40 income RM8,000 B40 income RM3000
Transcribed Image Text:Economics Allocation of Possible Income You are given different amounts of money on which to live (roughly approximating different Malaysian income groups). You are required to allocate funds to the categories of housing, food, clothing, education, health, transportation, recreation, etc. – other categories may be added by you. Different income groups are asked to critique the allocation of different groups - is it reasonable, why do you say so and how could it be allocated better. T20 income RM15,000 M40 income RM8,000 B40 income RM3000
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