World Bank Data show that in 1995, the poorest 20% of households accounted for % of household income in Niger, the next 20% of households accounted for % of income, the middle 20% accounted for % of income, the second richest 20% accounted for % of income, and the top 20% accounted for % of income. What is the cumulative income share of the bottom 60% of households in Niger?
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World Bank Data show that in 1995, the poorest 20% of households accounted for 7· 5 % of household income in Niger, the next 20% of households accounted for 11· 8 % of income, the middle 20% accounted for 15· 5 % of income, the second richest 20% accounted for 21· 1 % of income, and the top 20% accounted for 44· 1 % of income. What is the cumulative income share of the bottom 60% of households in Niger? (A) 15· 5 % (B) 34· 8 % (C) 48· 1 % (D) 65· 2 %
Also written as: World Bank Data show that in 1995, the poorest 20% of households accounted for 7* 5 % of household income in Niger, the next 20% of households accounted for 11* 8 % of income, the middle 20% accounted for 15* 5 % of income, the second richest 20% accounted for 21* 1 % of income, and the top 20% accounted for 44* 1 % of income. What is the cumulative income share of the bottom 60% of households in Niger?
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This question is on The Lorenz curve and the Gini coefficient, part of Poverty, inequality and human development in Economics of Growth and Development.
Showing and summarising inequality in a distribution.
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Question from the JNU SIS 2017 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.