A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000,
$120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the lowest quintile of this income distribution is _______ than that for the bottom quintile of the
U.S. income distribution in 2005. The share of income received by the highest quintile of this income distribution is _______ than that for the highest quintile of the U.S. income distribution in 2005.
A) lower, lower
B) lower, higher
C) higher, higher
D) higher, lower
Correct Answer:
Verified
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