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2. Poverty and Inequality Consider the following income distribution for a 10-person economy with a poverty line of $11. Fill in the missing information, rounding

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2. Poverty and Inequality Consider the following income distribution for a 10-person economy with a poverty line of $11. Fill in the missing information, rounding to 1 decimal place where necessary: % Cumulative % Cumulative Person Income (S) Population Income 1 2 10 3 5 LII-Pub)\" 12 15 18 22 1 40 a. Compute the following measures of poverty and inequality for this economy. Show your work in the boxes below the table. Headcount Index NDOOHJO' O ii) iii) iv) b. The headcount index does not reflect the depth of poverty below the poverty line. 1 . Describe a specific income transfer within this economy, including which people and how much will be transferred, that demonstrates this limitation of the headcount index. ii. Compute the headcount index after the transfer. iii. Discuss how this transfer demonstrates the limitations of the headcount index as a measure of poverty

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