Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
The table shows the distribution of market income.
The table shows the distribution of market income.
Suppose the government taxes the 60 percent of households with the highest market incomes 10 percent and distributes the tax collected as equal benefits to the 40 percent of the population with lowest market income.
What percentage of total market income is redistributed to the secondsecond 20 percent of households?
What is the income share of the highesthighest 20 percent of households after tax and redistribution?
