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jadinh jadinh
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A month ago
IncomeFrequency
$1/day20%
$1.50/day30%
$2/day30%
$5/day10%
$10/day10%
Refer to the table above which shows the distribution of incomes in Newlandia. Newlandia currently has an absolute poverty rate of ________. Imagine that average incomes grew at 5% per year. If each income group saw growth of 5% a year for 5 years, Newlandia's absolute poverty rate would be ________ after 5 years.

▸ 20%:20%

▸ 60%; 30%

▸ 50%; 20%

▸ 30%; 10%
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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SaharakSaharak
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50%; 20%

1

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jadinh Author
wrote...

A month ago
this is exactly what I needed
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Thanks
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