Question1of 8
1 John is a self-employed and earns a monthly income of $6,000 from his business. His wife, Mary, is an employee at a company and earns a monthly income of $4,000. They have a domestic worker who is paid $600 a month. What is their monthly household income from work?
2 Tom is a self-employed and earns a monthly income of $6,000 from his business. His wife, Sarah, is an employee at a company and earns a monthly income of $4,000. They have two school-going children. What is their monthly household income from work per household member?
3

What is the median monthly household income from work of these 5 households?

Monthly Household Income from Work ($)

4,000

6,000

9,000

18,000

30,000


4

What is the average monthly household income from work of these 5 households?

Monthly Household Income from Work ($)

4,000

6,000

9,000

18,000

30,000


5

If there is perfect equality where every household has the same income, the Gini coefficient will be

6

Household income deciles are derived by ranking households from lowest to highest by their incomes, and then divide them into ten equal groups.

7

Which of the following statements about household income from work are correct?

I. It refers to the sum of income received by working members of the household from employment and business.
II. It includes the income of domestic workers living in the same household.
III. It includes one-twelfth of annual bonus.

8 Household income deciles are derived by ranking households from lowest to highest by their incomes, and then divide them into ten equal groups.
Your Score: