In 2011, the 20 percent of households with the highest incomes received what percentage of the total after-tax income?
A) 14 percent
B) 2 percent
C) 71 percent
D) 44.2 percent
E) 55.8 percent
Correct Answer:
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Q4: In 2011, what percentage of households received
Q4: After-tax income equals
A)total income minus tax payments
Q5: Use the figure below to answer the
Q6: In 2011, the mode income received by
Q7: Use the figure below to answer the
Q8: In 2011, the middle 20 percent of
Q10: The closer the Lorenz curve is to
Q13: Household characteristics that stand out when determining
Q19: An income Lorenz curve
A)graphs the cumulative percentage
Q20: If each household made the same amount
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