When we compare shares of income earned by U.S. households over the past 40 years, which of the following statements about the distribution of income is true?
A) The percentage of total income represented by each quintile has increased.
B) The percentage of total income represented by each quintile has decreased.
C) The largest gain in income percentage is in the top 5% of households.
D) Lower-income households gained at the expense of higher-income households.
Correct Answer:
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Q21: The more equal the income distribution in
Q22: The share of income received by different
Q23: Table 21.3 : Q24: In 2012, the top one-fifth of U.S. Q25: In 2012, the bottom one-fifth of U.S. Q27: From 1970 to 2012, the Gini coefficient Q28: Among developed countries, the United States has Q29: In the United States, the Gini coefficient Q30: Generally speaking, income inequality is Q31: From 1993 to 2012, average real income
A)
A) higher in
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