In the United States,the median family income is __________ as the average family income.

Question

Quizplus · Accepted Answer

The median family income is the income at the midpoint of the income distribution where half of the families earn more and half earn less. The average family income is the total income divided by the number of families. Since the distribution of income in the US is highly skewed, with a small number of households earning extremely high incomes, the average family income is likely to be significantly higher than the median family income. Therefore, the best choice is A, vastly below.

In the United States,the Median Family Income Is __________ as the Average