ECON 3135

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.

ECON代写
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. 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:

  1. Save the exam in your own computer.
  2. The exam is in Microsoft word so you will need software which allows you to access it, such as windows WORD, or whatever system you are using that is compatible.
  3. Enter the date and time on the exam first page. Next put your name on the line for Name. In doing this, you will have to delete some of the “____” to fit your name on one line.
  4. Solve each problem on your own scratch paper and when you get the final answer put it in the space allocated for it on the WORD document. Do not include any of the work to get the final answer.ECON代写
  5. When you have finished all problems, email back to me the modified WORD document.
  6. You have exactly two hours (disability students three hours) to finish. If you go overtime, there will be a penalty of 1 point for each 5 minutes the paper is late.
  7. Attached is an example of how your returned examination should look.

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

Name________________________________YOUR NAME___________________________________

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:

 

ECON代写
ECON代写

 

The Decile shares of income are:

D1 D2 D3 D4 D5 D6 D7 D8 D9 D10
1.5 3.13 4.45 5.74 7.1 8.63 10.48 12.92 16.77

29.28

 

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

 

ECON代写
ECON代写

 

 

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