What is the most common way to measure income distribution?
A) Divide the population into equal size groups and examine each group's distance from the median income
B) Divide the population into equal size groups and examine each group's relative share of the total income
C) Determine the income level where families spend a certain percentage of their after-tax income on necessities
D) Measure each individual's income as a function of their distance from the average Canadian income
E) Plot average Canadian family income over time, controlling for inflation
Correct Answer:
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Q5: Most of Canada's economic and social data
Q6: The low-income cut-off (LICO) is set to
Q7: What group constitutes the largest proportion of
Q8: What conclusion is best supported by analyzing
Q9: What share of income would be allotted
Q11: Which quintile was the only grouping that
Q12: What best explains the recent upward redistribution
Q13: Which of the following is not a
Q14: Which of the following explains the differences
Q15: Which country has the most equitable distribution
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