When family incomes are ranked from lowest to highest, the middle income is known as the
A)median income
B)mean income
C)means-tested income
D)official poverty level
E)transfer income

Question

Quizplus · Accepted Answer

The median income is the income at which half of the households have higher incomes and half of the households have lower incomes. When family incomes are ranked from lowest to highest, the middle income is the median income.

When Family Incomes Are Ranked from Lowest to Highest, the Middle