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day10%Refer to the table above which shows ...

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IncomeFrequency$1/day20%$1.50/day30%$2/day30%$5/day10%$10/day10%Refer to the table above which shows ...

Income	Frequency
$1/day	20%
$1.50/day	30%
$2/day	30%
$5/day	10%
$10/day	10%

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: 3^rd

Authors: Acemoglu, Laibson, List

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