Consider the following table with individuals in a country and their incomes:
Individuals Income Deciles Quintiles
1 1
2 3
3 5
4 8
5 10
6 12
7 13
8 15
9 16
10 17
Total 100 100 100
(a) Calculate the deciles and quintiles.
(b) The Kuznets’ ratio =
(c) What is the interpretation of the Kuznets’ ratio?