The data in the corresponding table characterizes the income distribution for a

Question

The data in the corresponding table characterizes the income distribution for a country. What percentage of the total population is categorized as belonging to the 2nd quintile? Share of Income (%) Cumulative Income Category Share of Income (%) Number 1st Quintile 2nd Quintile 13.0 3rd Quintile 4th Quintile27 5th Quintile 7.0 20.0 43.0 What percentage of the total income for the country is earned by the 3rd quintile? 30.0 Number What is the cumulative share of income earned by the poorest 80% of the population? Number

Explanation / Answer

(1) Each quintile represents 20% of total population. Therefore,

Percentage of total population in 2nd quintile = 40%

(2) % of total income earned by 3rd quintile = 43% - 13% = 30%

(3) Cumulative share by poorest 80% = Cumulative Share of income earned by 4th quintile

= 43% + 27%

= 70%

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