The mode household income is
A) the income that separates households into two equal groups.
B) the most common household income.
C) the mean household income.
D) the average household income.
Correct Answer:
Verified
Q1: The distribution of income in the United
Q2: The median household income is
A) the income
Q5: The Lorenz curve graphs the
A) cumulative percentage
Q7: The distribution of income in the United
Q11: Market income is
A) wage, interest, rent, and
Q14: Market income is
A) profit earned in factor
Q16: Mode income is
A) the most common income.
B)
Q18: In the United States the richest 20
Q19: Money income is
A) market income plus cash
Q20: In the United States, the percentage of
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