(Solved): According to Front Page Economics, what percentage of income is spent on lottery tickets by Instruct ...

FRONT PAGE State Lotteries: A Tax on the Uneducated and the Poor Americans now spend over $\$85$ bilion a year on lottery tickets. That's more than we spend on sporting events. books, video games, movies, and music combined. That spending works out to about $\$650$ a household Poor people are proportionally the biggest buyers of lottery tickets. Households with less than $\$25,000$ of income spend $\$1,100$ a year on lotlery tickets. By contrast, households with more than $\$50,000$ of income buy only $\$300$ of lottery tickets each year Education also aflects lottery spending 27 percent of high school dropouts are compulsive lottery players, while only 1.1 percent of college grads play compulsively Because lottery games are a sucker's game to start with-payouts average less than 60 percent of sales-lottenies are effectively a regressive tax on the uneducated and the poor Source Research on lotery swes According to Front Page Fconomics, what percentage of income is spent on lottery tickets Instructions: Enter your responses as a percentage rounded to two decimal places. a. a low-income family with an income of $\$20.000$ per year?