Assume That a Country with Total Income of $160,000 Has

Assume that a country with total income of $160,000 has a population of 10 households whose incomes are listed in Table: Income of Households.
What percentage of income is earned by the top quintile of the population?
$$\begin{array}{l}\text { Table: Income of Households }\\\begin{array} { | l | l | l | } \hline \text { Household } & \begin{array} { l } \text { Household's } \\\text { income }\end{array} & \begin{array} { l } \text { Household's } \\\text { percent of total } \\\text { income (rounded) }\end{array} \\\hline 1 & \$ 2,000 & 1 \% \\\hline 2 & \$ 2,000 & 1 \% \\\hline 3 & \$ 2,000 & 1 \% \\\hline 4 & \$ 4,000 & 3 \% \\\hline 5 & \$ 5,000 & 3 \% \\\hline 6 & \$ 5,000 & 3 \% \\\hline 7 & \$ 10,000 & 6 \% \\\hline 8 & \$ 20,000 & 13 \% \\\hline 9 & \$ 40,000 & 25 \% \\\hline 10 & \$ 70,000 & 44 \% \\\hline\end{array}\end{array}$$

A) 110%
B) 94%
C) 69%
D) 6%