Suppose that we compare shares of income earned by different U.S. groups by dividing all households into five groups. Which of the following statements about the income distribution in the United States is CORRECT?
A) Shares of income remain roughly constant as we move from the lowest quintile to the highest quintile.
B) Shares of income decrease as we move from the lowest quintile to the highest quintile.
C) Shares of income increase as we move from the lowest quintile to the highest quintile.
D) none of the above
Correct Answer:
Verified
Q213: Which of the following is a main
Q214: The poverty rate in the United States
Q215: Recall the Application about who benefits from
Q216: Explain why featherbedding may or may not
Q217: Recall the Application about who benefits from
Q219: Without the government's redistribution programs, the income
Q220: Explain the possible benefits of labor unions.
Q221: The poverty rate in the United States
Q222: Poverty rates among the elderly are
A) much
Q223: Under Temporary Aid to Needy Families (TANF)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents