According to the Bureau of Labor Statistics,the distribution of consumption expenditures had a HiLo ratio of 3.8 in 2008 in contrast to the income ratio of 14.1.What can be inferred from the above statement?

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The HiLo ratio is the ratio of the top 20% of consumers to the bottom 20% of consumers in terms of their consumption expenditures. A HiLo ratio of 3.8 suggests that there is some inequality in the distribution of consumption expenditures across households, but this inequality is not as great as the inequality in the distribution of income, which had a ratio of 14.1. This means that while there are some households with high consumption expenditures, the distribution of these expenditures is more equal across households than the distribution of income. Therefore, option C is the best choice.

According to the Bureau of Labor Statistics,the Distribution of Consumption