The table shows the distribution of personal income in the United States in 2016. Percentage of total income Households Poorest 20 percent Second 20 percent Third 20 percent Fourth 20 percent Richest 20 percent 3.1 8.2 14.3 23.2 51.2 For all U.S. households to receive an equal share of income, what percentage of total income would the poorest 20 percent of households have to receive from higher-income groups? What percentage would the second poorest have to receive? >>> Answer to 1 decimal place. The poorest 20 percent of households would have to receiveO percent. The second poorest 20 percent of households have to receive percent.

The table shows the distribution of personal income in the United States in 2016. Percentage of total income Households Poorest 20 percent Second 20 percent Third 20 percent Fourth 20 percent Richest 20 percent 3.1 8.2 14.3 23.2 51.2 For all U.S. households to receive an equal share of income, what percentage of total income would the poorest 20 percent of households have to receive from higher-income groups? What percentage would the second poorest have to receive? >>> Answer to 1 decimal place. The poorest 20 percent of households would have to receiveO percent. The second poorest 20 percent of households have to receive percent.

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 5PA

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