Table 20-4
Source: U.S. Bureau of Census
-Refer to Table 20-4. Comparing data from 2000 and 2017, which of the following statements is correct?
A) There has been no change in overall income inequality because the share of income held by the fourth quintile is nearly identical.
B) Overall income inequality has worsened slightly, as shown by the simultaneous increase in the share of income held by the top quintile and the decrease in the share of income held by the bottom quintile.
C) Overall income inequality has improved because the share held by the second quintile has declined by 0.6%.
D) Overall income inequality has improved because the share held by the bottom quintile has declined by 0.5%.
Correct Answer:
Verified
Q122: Briefly describe the three prominent schools of
Q123: In 2017, the top 5 percent of
Q124: Based on data from 2017, the top
Q125: Table 20-1
The following table shows the
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