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please give me a clear and correct answer

1. Income inequality and the poverty rate The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000,5upp0se that in 2001 , the poverty line is set at an annual income of $30,000 for an individual. The date in the table suggest that there was income inequality from 2001 to 2019. Complete the following table to help you determine the poverty rate in Perkopia in 2001 . To do this, begin by determining the total income of all individuals in each quintile using the fact that total annual income in the economy is $500,000,000. Next, determine the income of an individual in each quintile by dividing the total income of that quintile by the number of peopie in that quintile. (Hint: Recall that Perkopia has a population of 10,000 people.) Finally, determine whether the individual income for each quintile falls below the poverty line of 330,000 . Using the information in this table, the poverty rate in Perkopis in 2001 is Suppose thot the government introduces a welfare program in which any individual with an income of less than 530,000 per year recelves a lump-aum transfer payment of $5,000 from the government. Assume that, in the short run, there is no change in labor-supply behavior among the people in Perkopio, In the year 2001 , the poverty rate after the introduction of the welfare program in Perikopla is transfer payment of $5,000 from the government. Assume that, in the short run, there is no change in labor-supply behavior among the people in Perkopla. In the year 2001 , the poverty rate after the introduction of the welfare program in Perkopia is Again, suppose the government introduces a welfare program in which any individual with an income of less than s30,000 recelves a lump-sum transfer payment of $5,000 trom the government, Nick, a resident of Perkopia who currently earns an income of $29,578, has the opportunity to work overtime and earn an additional $1,900 this year, Which of the following statements are correct? Check all that apply. Nick would gain more income by turning down the overtime than he would if he accepted the overtime. The 55,000 in aid presents a disincentive for Nick to make more than $30,000 per year. Nick may accept the overtime if he feels that taking it will increase the chances of has receiving a dignuicant premoticn