The table below gives the 80 th and 20 th percentiles of household income for 1996 and 2006, measured in inflation-adjusted 2006 dollars. 11eb71e5_d25e_598c_a6e4_9968b06731ec_SM2371_00 a) Calculate the 80/20 ratio for each year. b) Did inequality increase between 1996 and 2006? Explain. c) Based on this table, do you think that poor families were worse or better off in 2006 compared to 1996? Explain.

Economics: The Basics 1st Edition by Mike Mandel

النسخة 1الرقم المعياري الدولي: 978-0071316026

Economics: The Basics 1st Edition by Mike Mandel

النسخة 1الرقم المعياري الدولي: 978-0071316026

تمرين 2

The table below gives the 80 th and 20 th percentiles of household income for 1996 and 2006, measured in inflation-adjusted 2006 dollars.

a) Calculate the 80/20 ratio for each year.
b) Did inequality increase between 1996 and 2006? Explain.
c) Based on this table, do you think that poor families were worse or better off in 2006 compared to 1996? Explain.

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موثّق

a)80/20 ratio is the ratio of 80 th quin...