The _____ identifies the level of income at which half of the households in the population earn more and half of the population earns less.
A)median household income
B)mean household income
C)poverty level
D)Gini coefficient

Question

Quizplus · Accepted Answer

The median household income is the exact point in the income distribution at which half of households earn more and half earn less. The mean household income is the average income across all households in the population and can be skewed by high earners. The poverty level is the income threshold below which a household is considered to be living in poverty. The Gini coefficient is a measure of income inequality across a population and does not specifically indicate the level of income at which half of households earn more or less.

The _____ Identifies the Level of Income at Which Half