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Exhibit 10-7 Income Distribution for Three Countries Exhibit 10-7 Shows

Question 107

Multiple Choice

Exhibit 10-7 Income distribution for three countries Exhibit 10-7 shows the percentage of income received by each population quintile. In Country II we can conclude that the:

A) least-wealthy 20 percent of the population received 75 percent of the economy's income.
B) least-wealthy 20 percent of the population received 25 percent of the economy's income.
C) richest 20 percent of the population received 35 percent of the economy's income.
D) richest 40 percent of the population received 25 percent of the economy's income.
E) least-wealthy 40 percent of the population received 25 percent of the economy's income.

Correct Answer: