3. In Namibia, (a) What percentage of total output is received by the richest 10 percent of...

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3. In Namibia,

(a) What percentage of total output is received by the richest 10 percent of households?

(See World View, p. 493.) %

(b) How much output did this share amount to in 2014, when Namibia’s GDP was $14 billion? $

(c) With a total population of 2 million, what was the implied per capita income of

(i) The richest 10 percent of the population? $

(ii) The remaining 90 percent? $

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The Micro Economy Today

ISBN: 9781259291814

14th Edition

Authors: Bradley Schiller, Karen Gebhardt

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