The top quintile in Sri Lanka (D) has the highest average income.
Based on the table provided, we have some informations related to the dsitribution of income and average of income, such:
Bangladesh Uganda Sri Lanka Mongolia
Average household income $1,000 $1,000 $3,000 $3,000
in the nations
Percent of total income 41.4% 49.8% 47.6% 40.6%
earned in the top quintile
To find the country with the highest top quintile average income, we have to find each country's average income earned by the top quintile.
Average income earner by the top quintile = %of total income earned in the top quintile x average household income in the nations
Hence, we can find that:
Bangladesh Uganda Sri Lanka Mongolia
Average household income $1,000 $1,000 $3,000 $3,000
in the nations
Percent of total income 41.4% 49.8% 47.6% 40.6%
earned in the top quintile
Average income earned $414 $498 $1,4428 $1,218
by the top quintile
Our results show that Sri Lanka's top quintile earned the highes average income compare to other countries.
Learn more about Distribution of Income here: https://brainly.com/question/19509269
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Complete Question:
Table: Average Income and Distribution of Income Data provides recent data from the World Bank on average income and distribution of income in four countries.
(Please refer to the table attached below)
Based on the data in the table, those in the top quintile have the highest average income in which country?
