Question
In: Economics
The income level of 4 individuals in country A are $150, $140, $210, and $220. The...
The income level of 4 individuals in country A are $150, $140, $210, and $220. The poverty line is $200. The HCR, PG, PGI, TPG. and SPGI are
A: 50%; 27.5; 20; 110; 0.058
B: 50%; 27.5; 13.75; 110; 0.038
C. 50%; 20; 13.75; 80; 0.038
D. 50%; 27.5; 16.75; 140; 0.068
Solutions
Expert Solution
PG = poverty line income - average income
= 200 - (150+140+210+220) / 4
= 200 - 180
= 20
TPG = 4 individual total Poverty line Income - 4 individuals incomes
= 800 - 150 - 140 - 220 - 210
= 80
Since there's only one answer with PG=20 and TPG= 80
Hence, Answer: C. 50%; 20; 13.75; 80; 0.038
Rahul Sunny answered 2 years agoRelated Solutions
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