In Australia, like in many countries, income distribution is skewed, meaning there are more households with incomes below the mean income than above it. This is because a relatively small number of high-income households can significantly raise the mean income, leaving the majority of households below that average.

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In Australia

Question 10

Multiple Choice

In Australia

A) the mode income equals the mean income.
B) there are more households with incomes below the mean income than above the mean income.
C) there are more households with incomes above the mean income than below the mean income.
D) the income distribution is bell- shaped.

Correct Answer: