Based on your answers in question #23, fill in the cumulative income distribution table in percentages (such as xx%). Please start with the cumulative income share for the bottom 20%; then the cumulative income share for the bottom 40%; then the cumulative income share for the bottom 60%; than the cumulative income share for the bottom 80%; and finally the cumulative income share forall 100% of the population. Please make your answer clear for full credit. You do not have to show your calculation.

population share cumulative income share

all 100% _____________

bottom 80% ______________

bottom 60% _____________

bottom 40% _____________

bottom 20% _____________

Jerry, Lindsay, Michelle, Bill, and May receive incomes of $0, $200, $300, $100, and $400. Starting with the top 20% of the population, write in the correct income share in percentages (such as xx%). Then in a line below it, write in the income share for the second 20%. In another line write in the income share for the middle 20%, then on another line, the income share for the fourth 20%, and finally the income share for the bottom 20%. Please make your answer clear for full credit. You do not have to show your calculation.

population share income share

top 20% ______________

2nd 20% ______________

mid 20% _____________

4th 20% _____________

bottom 20% _____________