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Earthgirl225 Earthgirl225
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A year ago
Arguments for Redistribution

The table shows the distribution of money income, the income tax rate, and the benefits the government provides to each quintile in Fairland.
HouseholdsIncome
(millions of dollars per year)		Income tax rateBenefits
(millions of dollars per year)
Lowest quintile4​011​
Second quintile14​10%8​
Third quintile20​18%1​
Fourth quintile23​28%0
Highest quintile35​39%0
After government taxes and redistribution, what is the percentage of total income for the second quintile? For the highest quintile?
Please round your final answer to two decimal places.

▸ 14.58%, 36.46%

▸ 25.20%, 14.92%

▸ 25.20%, 36.46%

▸ 14.58%, 14.92%
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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ChicagokidChicagokid
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A year ago
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Earthgirl225 Author
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A year ago
Good timing, thanks!
ediblefruitz
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Yesterday
Thanks
Jodias
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2 hours ago
Correct Slight Smile TY
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