Exhibit 12-1 Income Distribution for Three Countries -Exhibit 12-1 Shows the Percentage of Income Received by Each

Exhibit 12-1 Income distribution for three countries $$\begin{array} { | l | c | c | c | } \hline \text { Quintile } & \text { Country I (\%) } & \text { Country II (\%) } & \text { Country III (\%) } \\\hline\text { Poorest } & 6 & 8 & 4 \\\text { Second } & 12 & 12 & 8 \\\text { Third } & 15 & 15 & 10 \\\text { Fourth } & 27 & 30 & 30 \\\text { Richest } & 40 & 35 & 48 \\\hline\end{array}$$
-Exhibit 12-1 shows the percentage of income received by each population quintile. In Country III, we can conclude that the:

A) majority of the people receive the majority of the income.
B) richest 20 percent of the population received 75 percent of the economy's income.
C) richest 20 percent of the population received 78 percent of the economy's income.
D) richest 40 percent of the population received 78 percent of the economy's income.
E) least-wealthy 40 percent of the population received 78 percent of the economy's income.