Question: Hello, can you help me with this question? All the graph is as a references. Thanks in advance! 7) Refer to Table 5.1 in the

Hello, can you help me with this question? All the graph is as a references. Thanks in advance!

Hello, can you help me with this question? All the graph isas a references. Thanks in advance! 7) Refer to Table 5.1 inthe textbook. What is the share of income received by the bottom(poorest) 30% of population in that country? Answer: (6.5 points) 8) Refer

7) Refer to Table 5.1 in the textbook. What is the share of income received by the bottom (poorest) 30% of population in that country? Answer: (6.5 points) 8) Refer to Table 5.1 in the textbook. What is the share of income received by the bottom (poorest) 5% of population in that country? Answer: (6.5 points) 9) Refer to Figure 5.1 and Table 5.1 in the textbook. What does point D on the Lorenz curve in Figure 5.1 represent? Be as specific as possible, use actual numbers to illustrate your answer. Answer: (7 points)Table 5.1 Typical Size Distribution of Personal Income in a Developing Country by Income Shares- Quintiles and Deciles Share of Total Income (%) Individuals Personal Quintiles Deciles Income (money units) 1 0.8 2 1.0 1.8 1.4 4 1.8 5 3.2 1.9 6 2.0 3.9 7 2.4 8 2.7 9 5.1 9 2.8 10 3.0 5.8\fthe diagonal line in Figure 5-1 0 is representative of "perfect equality" in size distribution of income. Each percentage group of income recipients is receiving that same percentage of the total income; for example, the bottom 409% receives 409% of the income, while the top 59% receives only 5% of the total income.> 100 90 80 70 60 Line of equality Percentage of income 50 H. 40 G 30 Lorenz curve 20 10 B A 10 20 30 40 50 60 70 80 90 100 Percentage of income recipients

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