The accompanying table contains data on the income distribution of five provinces. Pick one and sketch out
Question:
The accompanying table contains data on the income distribution of five provinces. Pick one and sketch out its income distribution similar to Figure 1 . What percentage of all income does the highest-income quintile earn? Using what you learned in the text, if current trends continue, how do you expect the share of income going to the highest-income quintile to change in the next 20 years?
Average Annual Family Income State Lowestincome quintile Second quintile Middle quintile Fourth quintile Highestincome quintile PE $19,150 $41,950 $68,750 $1,00,650 $1,69,150 QC $17,500 $38,800 $63,650 $97,800 $1,88,350 ON $20,250 $46,600 $75,350 $1,15,900 $2,27,350 MB $19,050 $43,950 $70,550 $1,03,700 $1,96,950 AB $22,700 $52,300 $82,450 $1,27,700 $2,44,650
Step by Step Answer:
Principles Of Macroeconomics
ISBN: 9781982166649
1st Canadian Edition
Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan