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If the income of the poorest 20% of the population increases by 15% and the rich

Practice Questions

Q1
If the income of the poorest 20% of the population increases by 15% and the richest 20% by 5%, what is the average increase in income for both groups?
  1. 10%
  2. 12%
  3. 13%
  4. 14%

Questions & Step-by-Step Solutions

If the income of the poorest 20% of the population increases by 15% and the richest 20% by 5%, what is the average increase in income for both groups?
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