What does it mean for the U.S. economy to have a positively skewed wage distribution?
A) Most workers earn below the average wage.
B) A large proportion of workers earn very high wages.
C) The average wage equals the median wage.
D) The distribution of wages is symmetric around the mean.
E) The mean wage equals the median wage.

Question

Quizplus · Accepted Answer

A positively skewed wage distribution means that a larger number of workers earn less than the average wage, pulling the median wage below the mean and indicating that the high wages of a few workers skew the average upward.

What Does It Mean for the U