Which of the following statements is true?
A) The people that make up the top 5 percent of all income earners are all millionaires.
B) In 2015, the lowest 20 percent of all income earners earned less than 5 percent of the total money income.
C) The income distribution in the United States is completely equal.
D) Between 1967 and 2015, the income distribution in the United States became more equal.
Correct Answer:
Verified
Q27: One way to reduce the degree of
Q28: Which of the following statements is true?
A)If
Q29: Which of the following statements is false?
A)If
Q30: Which of the following statements is false?
A)The
Q31: Which of the following is an example
Q33: If the Gini coefficient is zero, there
Q34: Some economists contend that in-kind transfers should
Q35: An individual's income equals
A)labor income + wages
Q36: The Gini coefficient is a number between
A)0
Q37: If the Gini coefficient is 1, there
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