ECON代写 The final examination for Income Distribution will be given on Monday, May 11 at 1:30 pm New York daylight savings time.
The final examination for Income Distribution will be given on Monday, May 11 at 1:30 pm New York daylight savings time. At that time when you open your email the exam should be there. If it not there email me immediately.ECON代写 Please follow the following steps after you have opened your exam:
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Fordham College at Lincoln Center
Final Examination for Income Distribution ECON 3135 L01 F. Campano
Meets Monday and Thursday 2:30 to 3:45
Exam Date: May 9, 2019 1:30
The following data were published in the 2019 by Statistics Canada. Table 11-10-0237-01
Distribution of Total Family Income (Thousands of Canadian Dollars)
|Income Class||0 – 10||10-20||20-30||30-40||40-50||50-60||60-80||80-100||100.0+|
|% of Families||3.7||7.3||10.9||10.3||9.5||8.5||14.9||11.1||23.7|
These were fitted with a Singh-Maddala Model which yielded the following results:
The Decile shares of income are:
a. Find the income that defines the bottom 60% of the families i.e. the income under which 60% of the families fall. 71.687
b. Find the income that defines the top 10% of the families i.e. the income which the richest 10% of families are above. 149.005
c . Compute the share of the total income flowing to the bottom 60% of families.Ans. 30.55 ECON代写
d. Compute the share of total income flowing to the richest 10% of families.Ans. 29.28
e. Find the average family income of the bottom 60%. 38.467
f. Find the average family income of the top 10%. 221.260
g. How much income would have to be transferred to the bottom 60% of families from the top 10% of families in order to bring the average income in the bottom 60% over $40(1000s)? 14222.56
h. If that were done (g. above), what would be the average family income of the top 10%? Ans. 212.117 ECON代写