Solved

Reference: 1918 \quad \quad \quad \quad \quad

Question 18

Multiple Choice

Reference: 1918 \quad \quad \quad \quad \quad \quad \quad  Income Distribution in the United States  \text { Income Distribution in the United States }  Quintile  1968 Income  Share  1997 Income Share  Lowest 20% 4.20%3.60% Second 20% 11.18.9 Third 20% 17.515 Fourth 20% 24.523.2 Highest 20% 42.849.4 Top 5% 16.621.7\begin{array} { | l | c | c | } \hline \text { Quintile } & \begin{array} { c } \text { 1968 Income } \\\text { Share }\end{array} & \text { 1997 Income Share } \\\hline \text { Lowest 20\% } & 4.20 \% & 3.60 \% \\\hline \text { Second 20\% } & 11.1 & 8.9 \\\hline \text { Third 20\% } & 17.5 & 15 \\\hline \text { Fourth 20\% } & 24.5 & 23.2 \\\hline \text { Highest 20\% } & 42.8 & 49.4 \\\hline \text { Top 5\% } & 16.6 & 21.7\\\hline\end{array}
-(Exhibit: Income Distribution in the United States) In 1968 and 1997, the lowest 40 percent of the families received _______ and _______ percent of the income, respectively.


A) 4.2; 3.6
B) 11.1; 8.9
C) 15.3; 12.5
D) None of the above are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents